Dollarama (TSE:DOL) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$135.55 and traded as high as C$139.65. Dollarama shares last traded at C$138.51, with a volume of 1,791,572 shares trading hands.

Wall Street Analyst Weigh In

DOL has been the topic of a number of research analyst reports. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. Royal Bank of Canada lowered their target price on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their price target for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. CIBC increased their target price on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group boosted their price target on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollarama presently has an average rating of “Hold” and an average target price of C$145.17.

Dollarama Stock Performance

The business has a 50 day moving average price of C$144.57 and a 200 day moving average price of C$135.57. The stock has a market cap of C$39.03 billion, a P/E ratio of 35.88, a PEG ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, October 4th. Dollarama’s payout ratio is 9.59%.

Insider Buying and Selling

In other news, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders sold 57,480 shares of company stock valued at $8,130,761 over the last 90 days. Corporate insiders own 2.23% of the company’s stock.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.