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

Dollarama Inc. (TSE:DOL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$148.62 and traded as high as C$167.28. Dollarama shares last traded at C$165.22, with a volume of 631,998 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on DOL shares. Canaccord Genuity Group boosted their price target on Dollarama from C$146.00 to C$168.00 in a report on Friday, April 4th. National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Royal Bank of Canada upped their price objective on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Stifel Nicolaus upped their price objective on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group set a C$180.00 price objective on Dollarama and gave the stock a “buy” rating in a research note on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$164.50.

Dollarama Stock Down 0.3%

The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a market capitalization of C$45.66 billion, a PE ratio of 42.08, a P/E/G ratio of 1.93 and a beta of 0.56. The business has a 50-day moving average of C$159.82 and a 200 day moving average of C$148.62.

Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were given a $0.1058 dividend. This is an increase from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama’s payout ratio is currently 9.42%.

Insider Buying and Selling

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. 2.23% of the stock is owned by company insiders.

About Dollarama

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.