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

Shares of Dollarama Inc. (TSE:DOL) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$132.00 and traded as high as C$149.70. Dollarama shares last traded at C$148.75, with a volume of 373,993 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DOL shares. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. National Bankshares lifted their target price on shares of Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and increased their price target for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Finally, Royal Bank of Canada increased their target price on shares of Dollarama from C$144.00 to C$147.00 in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Dollarama currently has an average rating of “Moderate Buy” and a consensus price target of C$139.55.

Dollarama Price Performance

The stock has a market cap of C$41.91 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The stock has a fifty day simple moving average of C$141.10 and a 200-day simple moving average of C$132.00. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.96 by C$0.06. The business had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. As a group, equities research analysts expect that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. Dollarama’s payout ratio is 9.59%.

Insider Activity at Dollarama

In related news, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Over the last 90 days, insiders sold 7,697 shares of company stock worth $1,049,979. Company 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.