Dollarama (TSE:DOL) Shares Cross Above Two Hundred Day Moving Average of $76.87

Dollarama Inc. (TSE:DOLGet Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$76.87 and traded as high as C$81.21. Dollarama shares last traded at C$79.86, with a volume of 535,738 shares.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Desjardins upped their target price on shares of Dollarama from C$86.00 to C$91.00 in a research note on Monday, September 12th. National Bankshares upped their target price on shares of Dollarama from C$82.00 to C$86.00 and gave the stock an “outperform” rating in a research note on Monday, September 12th. BMO Capital Markets upped their target price on shares of Dollarama from C$80.00 to C$95.00 in a research note on Thursday, August 25th. Canaccord Genuity Group upped their target price on shares of Dollarama from C$72.00 to C$80.00 in a research note on Wednesday, September 7th. Finally, CIBC upped their target price on shares of Dollarama from C$76.00 to C$82.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$86.50.

Dollarama Stock Performance

The company has a market cap of C$23.01 billion and a P/E ratio of 31.94. The company’s 50-day moving average is C$79.50 and its two-hundred day moving average is C$76.87. The company has a quick ratio of 0.08, a current ratio of 0.76 and a debt-to-equity ratio of 18,873.64.

Dollarama (TSE:DOLGet Rating) last posted its quarterly earnings results on Friday, September 9th. The company reported C$0.66 earnings per share for the quarter, beating the consensus estimate of C$0.63 by C$0.03. The company had revenue of C$1.22 billion for the quarter, compared to the consensus estimate of C$1.19 billion. Equities analysts predict that Dollarama Inc. will post 3.17 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Friday, November 4th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.28%. The ex-dividend date was Thursday, October 6th. Dollarama’s dividend payout ratio (DPR) is presently 8.45%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director John Huw Thomas sold 5,200 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of C$76.26, for a total transaction of C$396,568.12. Following the sale, the director now directly owns 15,000 shares of the company’s stock, valued at C$1,143,946.50. Insiders have sold a total of 10,200 shares of company stock valued at $792,488 over the last three months.

Dollarama Company Profile

(Get Rating)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of July 31, 2022, it operated 1,444 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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