Dollarama (TSE:DOL) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analysts Set New Price Targets

A number of equities analysts have commented on DOL shares. CIBC lifted their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. National Bank Financial lowered shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. Stifel Nicolaus raised their target price on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$145.17.

Dollarama Price Performance

The stock has a 50 day moving average price of C$144.68 and a two-hundred day moving average price of C$135.55. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The firm has a market capitalization of C$39.03 billion, a price-to-earnings ratio of 35.88, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insider Buying and Selling

In other Dollarama news, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Also, Director John Huw Thomas sold 2,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Insiders have sold a total of 57,480 shares of company stock valued at $8,130,761 in the last ninety days. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.