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

Dollarama Inc. (TSE:DOL)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$137.93 and traded as high as C$141.11. Dollarama shares last traded at C$140.83, with a volume of 684,942 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BMO Capital Markets increased their price objective on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. Canaccord Genuity Group increased their target price on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. Royal Bank of Canada dropped their target price on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Finally, UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dollarama presently has an average rating of “Moderate Buy” and a consensus price target of C$145.17.

Dollarama Trading Up 0.5 %

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 firm has a fifty day simple moving average of C$140.96 and a two-hundred day simple moving average of C$137.95. The firm has a market cap of C$39.89 billion, a PE ratio of 36.67, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is currently 9.59%.

Insiders Place Their Bets

In other news, Director Stephen Gunn sold 54,950 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 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.