Dollarama (TSE:DOL) Shares Pass Above Two Hundred Day Moving Average Following Insider Selling

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a two hundred 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 traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th. Stifel Nicolaus upped their target price on shares of Dollarama from C$162.50 to C$190.00 in a research report on Thursday, June 12th. Desjardins increased their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Scotiabank lifted their price target on Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Finally, Canaccord Genuity Group boosted their price objective on Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Dollarama presently has an average rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Stock Down 1.2%

The firm has a market cap of C$52.71 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a 50-day simple moving average of C$176.71 and a 200-day simple moving average of C$156.22. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Increases Dividend

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

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.