Dollarama (TSE:DOL) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$157.35 and traded as high as C$192.34. Dollarama shares last traded at C$191.87, with a volume of 440,342 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Scotiabank upped their price objective on Dollarama from C$175.00 to C$210.00 in a report on Thursday, June 12th. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. Canaccord Genuity Group upped their price objective on Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Finally, Royal Bank Of Canada boosted their target price on Dollarama from C$190.00 to C$207.00 in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Price Performance

The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a 50-day moving average price of C$179.16 and a 200-day moving average price of C$158.38. The firm has a market capitalization of C$52.77 billion, a PE ratio of 48.64, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, August 8th will be given a $0.1058 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. Dollarama's dividend payout ratio is currently 9.42%.

Insider Buying and Selling

In other news, Director Nicolas Hien sold 4,131 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$192.31, for a total value of C$794,433.02. Also, Director John Assaly sold 9,089 shares of the company's stock in a transaction on Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the completion of the sale, the director owned 973 shares in the company, valued at C$184,172.26. This represents a 90.33% decrease in their ownership of the stock. Insiders have sold 42,570 shares of company stock valued at $7,229,060 over the last three months. Insiders own 2.23% of the company's stock.

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.