Dollarama (TSE:DOL) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$139.80 and traded as high as C$149.08. Dollarama shares last traded at C$147.58, with a volume of 752,731 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DOL shares. Scotiabank upgraded Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Royal Bank of Canada cut their price target on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. National Bank Financial lowered Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Finally, Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and a consensus target price of C$145.17.

Dollarama Stock Performance

The business has a 50-day moving average of C$139.60 and a two-hundred day moving average of C$139.80. The company has a market cap of C$40.78 billion, a P/E ratio of 37.59, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were issued a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio is presently 9.42%.

Insiders Place Their Bets

In other Dollarama news, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction dated 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 Dollarama stock in a transaction dated 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. Corporate insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.