Dollarama (TSE:DOL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Dollarama Inc. (TSE:DOL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$192.11 and traded as high as C$197.32. Dollarama shares last traded at C$194.75, with a volume of 340,244 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company upped 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 note on Friday, December 12th. Stifel Nicolaus boosted their price target 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. TD Securities upped their price target on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Sanford C. Bernstein lifted their price objective on Dollarama from C$223.00 to C$232.00 in a research report on Friday, December 12th. Finally, Scotiabank boosted their target price on Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$216.08.

Dollarama Stock Performance

The stock’s 50-day simple moving average is C$194.50 and its 200 day simple moving average is C$192.11. The company has a quick ratio of 0.08, a current ratio of 1.09 and a debt-to-equity ratio of 415.13. The stock has a market capitalization of C$53.28 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15.

Dollarama (TSE:DOL) last announced 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 18.59% and a return on equity of 99.41%. The company had revenue of C$1.91 billion during the quarter. Analysts expect that Dollarama Inc. will post 5.3295203 earnings per share for the current fiscal 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.