Dollarama (TSE:DOL) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$189.30 and traded as high as C$204.23. Dollarama shares last traded at C$203.39, with a volume of 1,723,565 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on Dollarama from C$223.00 to C$235.00 in a report on Friday, December 12th. Royal Bank Of Canada increased their price objective on Dollarama from C$220.00 to C$225.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Sanford C. Bernstein lifted their target price on shares of Dollarama from C$223.00 to C$232.00 in a research note on Friday, December 12th. TD Securities increased their target price on shares of Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Finally, Scotiabank boosted their price target on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$216.15.

Dollarama Price Performance

The stock has a market cap of C$55.64 billion, a PE ratio of 43.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.10. The stock’s fifty day moving average is C$191.64 and its 200-day moving average is C$189.30. 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 (TSE:DOL) last posted its earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. The company had revenue of C$1.91 billion for the quarter. As a group, equities analysts anticipate that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, November 7th were given a $0.1058 dividend. This represents a $0.42 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, October 10th. Dollarama’s dividend payout ratio is presently 8.71%.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.