Dollarama (TSE:DOL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Dollarama Inc. (TSE:DOL) crossed 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 trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DOL shares. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and increased their target price for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. CIBC boosted their price target on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Royal Bank of Canada boosted their target price on Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$140.09.

Dollarama Stock Down 3.3 %

The stock has a market cap of C$40.55 billion, a P/E ratio of 37.28, 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. The business has a 50-day simple moving average of C$141.82 and a 200-day simple moving average of C$132.43.

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

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a $0.092 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. Dollarama’s payout ratio is presently 9.59%.

Insiders Place Their Bets

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction dated 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 Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders sold 7,697 shares of company stock worth $1,049,979 over the last three months. 2.23% of the stock is currently owned by corporate insiders.

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.