Dollarama (TSE:DOL) Stock Passes Above Two Hundred Day Moving Average of $120.75

Shares of Dollarama Inc. (TSE:DOL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$120.75 and traded as high as C$135.79. Dollarama shares last traded at C$135.53, with a volume of 1,164,767 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on DOL shares. Canaccord Genuity Group lifted their price target on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. National Bankshares boosted their price objective on Dollarama from C$132.00 to C$141.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. CIBC boosted their price objective on Dollarama from C$115.00 to C$128.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Desjardins boosted their price objective on Dollarama from C$133.00 to C$140.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Finally, Stifel Nicolaus boosted their price target on Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a research report on Thursday, June 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$130.90.

Dollarama Trading Up 8.2 %

The company has a 50 day moving average price of C$130.90 and a 200 day moving average price of C$120.75. The firm has a market cap of C$38.46 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. The business had revenue of C$1.41 billion for the quarter, compared to analyst estimates of C$1.41 billion. On average, research analysts expect that Dollarama Inc. will post 4.4967696 earnings per share for the current year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, August 2nd were paid a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, July 5th. Dollarama’s payout ratio is 10.00%.

Insiders Place Their Bets

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$123.51, for a total transaction of C$4,853,821.17. In other Dollarama news, Director Nicolas Hien sold 15,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Also, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$123.51, for a total value of C$4,853,821.17. Insiders have sold a total of 66,465 shares of company stock worth $8,220,415 in the last quarter. 2.23% of the stock is owned by company insiders.

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.