Dollarama (TSE:DOL) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Dollarama Inc. shares have surpassed their two hundred day moving average of C$169.78, reaching a high of C$198.66 during trading, and last closed at C$196.90 with significant trading volume.
• Analysts have generally upgraded their price targets for Dollarama, with estimates ranging from C$178.00 to C$223.00, indicating positive sentiment towards the stock.
• The company recently announced a quarterly dividend of $0.1058 per share, representing an annualized yield of 0.2%, with a low payout ratio of 9.42%.

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$169.78 and traded as high as C$198.66. Dollarama shares last traded at C$196.90, with a volume of 448,832 shares.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Scotiabank increased their target price on Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. 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 increased their target price on Dollarama from C$174.00 to C$204.00 in a research note on Thursday, June 12th. BMO Capital Markets increased their target price on Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th. Finally, Stifel Nicolaus increased their target price on Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$187.79.

Dollarama Stock Performance

The stock has a fifty day simple moving average of C$190.82 and a two-hundred day simple moving average of C$171.55. The stock has a market cap of C$53.35 billion, a price-to-earnings ratio of 49.17, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, August 8th were issued a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, July 11th. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Insiders Place Their Bets

In other Dollarama news, Director John Assaly sold 9,089 shares of the firm's stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the sale, the director owned 973 shares of the company's stock, valued at approximately C$184,172.26. This trade represents a 90.33% decrease in their position. Also, Director Nicolas Hien sold 4,131 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$192.31, for a total value of C$794,433.02. Company 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.