Shares of Dollarama Inc. (TSE:DOL - Get Free Report) crossed above its 200-day moving average during trading on Monday following insider buying activity. The stock has a 200-day moving average of C$155.35 and traded as high as C$192.72. Dollarama shares last traded at C$191.83, with a volume of 482,526 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on DOL shares. Royal Bank Of Canada increased their target price on shares of Dollarama from C$190.00 to C$207.00 in a research report on Thursday, June 12th. Scotiabank increased their target price on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Desjardins increased their target price on shares of Dollarama from C$165.00 to C$185.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. UBS Group increased their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday, June 12th. Finally, Jefferies Financial Group increased their target price on shares of Dollarama from C$180.00 to C$223.00 in a research report on Thursday, June 12th. Four 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.com, Dollarama presently has an average rating of "Moderate Buy" and a consensus target price of C$186.36.
Read Our Latest Stock Analysis on DOL
Dollarama Trading Up 2.0%
The company has a market cap of C$53.01 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company's fifty day moving average price is C$175.26 and its two-hundred day moving average price is C$155.35. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.
Dollarama Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were issued a $0.1058 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. This is a positive change from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio (DPR) is currently 9.42%.
About Dollarama
(
Get Free Report)
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.
See Also
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