Dollarama (TSE:DOL) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$138.32 and traded as high as C$140.68. Dollarama shares last traded at C$137.53, with a volume of 945,995 shares.

Wall Street Analysts Forecast Growth

DOL has been the topic of several research analyst reports. CIBC raised their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Royal Bank of Canada lowered their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. UBS Group set a C$147.00 target price on Dollarama and gave the stock a “neutral” rating in a research report on Friday, December 13th. National Bank Financial cut Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Seven 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$145.17.

Dollarama Stock Down 1.4 %

The business’s 50 day simple moving average is C$140.28 and its 200 day simple moving average is C$138.32. The company has a market capitalization of C$38.75 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, February 7th will be given a $0.092 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.37 annualized dividend and a dividend yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insiders Place Their Bets

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