Dollarama (TSE:DOL) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$152.11 and traded as high as C$177.35. Dollarama shares last traded at C$175.34, with a volume of 574,733 shares changing hands.

Wall Street Analysts Forecast Growth

DOL has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Dollarama from C$170.00 to C$215.00 in a report on Thursday. Royal Bank of Canada boosted their target price on shares of Dollarama from C$190.00 to C$207.00 in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. Finally, National Bank Financial upgraded shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$186.36.

Dollarama Trading Down 0.1%

The company has a market cap of C$53.54 billion, a P/E ratio of 49.34, a PEG ratio of 1.93 and a beta of 0.56. The stock's 50 day moving average is C$171.10 and its 200-day moving average is C$153.25. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were paid a dividend of $0.1058 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 0.22%. This is a boost from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio is currently 9.42%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Nicolas Hien sold 4,131 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$192.31, for a total transaction of C$794,433.02. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. In the last 90 days, insiders have sold 33,481 shares of company stock worth $5,508,667. 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.