Dollarama (TSE:DOL) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Dollarama Inc. (TSE:DOL)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$136.96 and traded as high as C$140.34. Dollarama shares last traded at C$139.26, with a volume of 755,891 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. UBS Group set a C$147.00 target price on shares of Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Canaccord Genuity Group upped their price objective on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$145.17.

Dollarama Stock Performance

The stock’s fifty day simple moving average is C$143.82 and its 200-day simple moving average is C$136.96. 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 company has a market capitalization of C$39.24 billion, a PE ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, February 7th will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.37 annualized dividend and a yield of 0.26%. Dollarama’s dividend payout ratio is presently 9.59%.

Insider Buying and Selling at Dollarama

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Stephen Gunn sold 54,950 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. 2.23% of the stock is 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.