Dollarama (TSE:DOL) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Dollarama Inc. (TSE:DOL)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$136.96 and traded as high as C$140.34. Dollarama shares last traded at C$139.26, with a volume of 755,891 shares changing hands.

Analyst Ratings Changes

DOL has been the topic of a number of recent research reports. UBS Group set a C$147.00 price target on shares of Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. BMO Capital Markets raised their price target on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. TD Securities upped their price objective on Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. Stifel Nicolaus lifted their price objective on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Finally, CIBC raised their price objective on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$145.17.

Dollarama Price Performance

The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The company has a market cap of C$39.27 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 1.93 and a beta of 0.56. The company’s 50 day moving average price is C$143.61 and its 200 day moving average price is C$137.19.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, February 7th will be issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is currently 9.59%.

Insider Activity at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of the business’s 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, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. 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.