Dollarama (TSE:DOL) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Key Points

• Dollarama Inc. shares surpassed their 200-day moving average, reaching a high of C$180.94, which indicates positive momentum in the stock's performance.
• Analyst ratings are mixed, with recent price targets ranging from a low of C$199.00 to a high of C$220.00, highlighting a generally favorable outlook with a consensus rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.1058 per share, with a dividend yield of 0.2%, reinforcing its commitment to returning value to shareholders.

Dollarama Inc. (TSE:DOL - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$180.88 and traded as high as C$180.94. Dollarama shares last traded at C$180.73, with a volume of 521,832 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DOL. Sanford C. Bernstein set a C$220.00 price objective on shares of Dollarama and gave the company an "outperform" rating in a research report on Wednesday, September 17th. CIBC dropped their price target on shares of Dollarama from C$204.00 to C$199.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Scotiabank cut their price objective on Dollarama from C$210.00 to C$205.00 and set an "outperform" rating for the company in a report on Thursday, August 28th. Desjardins set a C$205.00 target price on Dollarama and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Royal Bank Of Canada upped their target price on Dollarama from C$207.00 to C$212.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dollarama currently has an average rating of "Moderate Buy" and an average target price of C$201.00.

Dollarama Price Performance

The company's 50-day simple moving average is C$186.72 and its 200 day simple moving average is C$180.88. 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 stock has a market capitalization of C$49.92 billion, a price-to-earnings ratio of 40.07, a P/E/G ratio of 1.93 and a beta of 0.05.

Dollarama Dividend Announcement

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

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.

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