Dollarama (TSE:DOL) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Analyst Ratings Changes

DOL has been the topic of several research analyst reports. UBS Group lifted their target price on Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. BMO Capital Markets raised their target price on Dollarama from C$170.00 to C$215.00 in a report on Thursday, June 12th. CIBC lifted their target price on Dollarama from C$174.00 to C$204.00 in a research report on Thursday, June 12th. Scotiabank lifted their target price on Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. Finally, National Bankshares upgraded Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$186.36.

Dollarama Stock Down 0.0%

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 firm has a market cap of C$51.88 billion, a PE ratio of 47.81, a P/E/G ratio of 1.93 and a beta of 0.56. The firm's 50 day moving average is C$183.04 and its 200-day moving average is C$161.98.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.1058 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.23%. Dollarama's dividend payout ratio is currently 9.42%.

Insiders Place Their Bets

In other news, Director John Assaly sold 9,089 shares of the firm's 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 owned 973 shares of the company's stock, valued at approximately C$184,172.26. This trade represents a 90.33% decrease in their position. Also, Director Nicolas Hien sold 4,131 shares of Dollarama stock in a transaction that occurred on Friday, June 13th. The stock was 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 valued at $2,749,060 over the last ninety days. Corporate insiders own 2.23% of the company's stock.

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.