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

Key Points

• Dollarama Inc. shares have crossed above their 200-day moving average, trading at C$183.54, indicating positive momentum.
• Analysts have increased their price targets for Dollarama, with Jefferies raising it from C$180.00 to C$223.00, and the average target now at C$201.00.
• The company announced a quarterly dividend of $0.1058 per share, resulting in an annualized yield of 0.2% and a payout ratio of 8.77%.

Dollarama Inc. (TSE:DOL - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$178.77 and traded as high as C$185.14. Dollarama shares last traded at C$183.54, with a volume of 637,100 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DOL. Jefferies Financial Group raised their price target on Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th. BMO Capital Markets upped their price target on shares of Dollarama from C$170.00 to C$215.00 in a research report on Thursday, June 12th. Sanford C. Bernstein set a C$220.00 price target on shares of Dollarama and gave the company an "outperform" rating in a report on Wednesday, September 17th. UBS Group boosted their price objective on shares of Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. Finally, Canaccord Genuity Group cut their target price on Dollarama from C$200.00 to C$195.00 and set a "hold" rating on the stock in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$201.00.

Dollarama Stock Performance

The firm has a market cap of C$50.70 billion, a price-to-earnings ratio of 40.70, a PEG ratio of 1.93 and a beta of 0.13. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a 50 day moving average of C$189.26 and a 200 day moving average of C$178.77.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, November 7th will be issued a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 10th. Dollarama's dividend payout ratio is 8.77%.

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.

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