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

Dollarama Inc. (TSE:DOL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$191.57 and traded as high as C$192.10. Dollarama shares last traded at C$188.42, with a volume of 743,101 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DOL shares. Jefferies Financial Group increased their price objective on Dollarama from C$223.00 to C$235.00 in a report on Friday, December 12th. Royal Bank Of Canada boosted their price objective on shares of Dollarama from C$220.00 to C$225.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. BMO Capital Markets upped their price target on shares of Dollarama from C$215.00 to C$222.00 in a report on Wednesday, December 3rd. Wells Fargo & Company boosted their price objective on shares of Dollarama from C$185.00 to C$195.00 and gave the company an “equal weight” rating in a research report on Friday, December 12th. Finally, Stifel Nicolaus boosted their target price on shares of Dollarama from C$190.00 to C$200.00 and gave the company a “hold” rating in a report on Friday, December 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$216.15.

Dollarama Trading Down 1.2%

The firm has a 50-day moving average price of C$197.77 and a 200 day moving average price of C$191.57. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The company has a market cap of C$51.55 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.93 and a beta of -0.07.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. The firm had revenue of C$1.91 billion for the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. As a group, sell-side analysts forecast that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Company Profile

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.