Dollarama (TSE:DOL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Dollarama Inc. (TSE:DOL)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$152.11 and traded as high as C$177.35. Dollarama shares last traded at C$175.34, with a volume of 574,733 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DOL. Canaccord Genuity Group increased their target price on Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. CIBC boosted their target price on shares of Dollarama from C$145.00 to C$174.00 in a research report on Friday, April 4th. BMO Capital Markets upped their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. National Bank Financial raised shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Finally, Stifel Nicolaus upped their price objective on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$165.21.

Dollarama Stock Performance

The company has a fifty day moving average price of C$168.27 and a two-hundred day moving average price of C$152.11. The firm has a market cap of C$48.45 billion, a price-to-earnings ratio of 44.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were paid a $0.1058 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 annualized dividend and a dividend yield of 0.24%. This is a boost from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is currently 9.42%.

Insider Buying and Selling at Dollarama

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