Dollarama (TSE:DOL) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Dollarama Inc. (TSE:DOL - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$148.62 and traded as high as C$167.28. Dollarama shares last traded at C$165.22, with a volume of 631,998 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DOL. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. BMO Capital Markets raised their price target on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Canaccord Genuity Group boosted their price objective on Dollarama from C$146.00 to C$168.00 in a research note on Friday, April 4th. Royal Bank of Canada boosted their target price on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Finally, UBS Group boosted their price objective on shares of Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$164.50.

Dollarama Trading Up 1.1%

The stock has a market cap of C$46.88 billion, a P/E ratio of 43.21, a P/E/G 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. The stock's fifty day moving average is C$160.67 and its 200 day moving average is C$149.13.

Dollarama Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were given a dividend of $0.1058 per share. This is a positive change from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Insider Activity at Dollarama

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. 2.23% of the stock is owned by 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.