Dollarama (TSE:DOL) Shares Pass Above 200-Day Moving Average - Here's Why

Dollarama Inc. (TSE:DOL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$161.35 and traded as high as C$190.51. Dollarama shares last traded at C$189.56, with a volume of 452,045 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Securities increased their price objective on Dollarama from C$185.00 to C$210.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Scotiabank lifted their price target on Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. UBS Group lifted their price target on Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. Jefferies Financial Group lifted their price objective on Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th. Finally, National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Dollarama has an average rating of "Moderate Buy" and an average target price of C$186.36.

Dollarama Trading Down 1.0%

The business's 50 day moving average price is C$183.04 and its 200-day moving average price is C$161.68. The firm has a market cap of C$51.88 billion, a price-to-earnings ratio of 47.82, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Friday, August 8th will be paid a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date is Friday, July 11th. Dollarama's dividend payout ratio is presently 9.42%.

Insider Activity

In other news, Director John Assaly sold 9,089 shares of the stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the transaction, the director directly owned 973 shares of the company's stock, valued at C$184,172.26. This represents a 90.33% decrease in their ownership of the stock. Also, 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. Insiders sold 14,570 shares of company stock worth $2,749,060 over the last quarter. 2.23% of the stock is currently owned by company insiders.

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.