Dollarama (TSE:DOL) Stock Passes Above 200-Day Moving Average - What's Next?

Key Points

• Dollarama shares rose above their 200-day moving average, trading as high as C$193.42 and last changing hands at C$192.85, up 1.1%.
• Analysts remain optimistic, with a consensus rating of “Moderate Buy” and an average price target of C$216. Several brokerages recently raised their targets, with Jefferies setting the highest at C$230.
• Dollarama reported C$1.11 in quarterly EPS and C$1.85 billion in revenue, alongside a 17.65% net margin. The company also paid a quarterly dividend of C$0.12, equivalent to a 0.2% annual yield.

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$184.10 and traded as high as C$193.42. Dollarama shares last traded at C$192.85, with a volume of 700,139 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DOL. Desjardins raised their target price on shares of Dollarama from C$205.00 to C$215.00 in a research note on Friday, June 12th. Canaccord Genuity Group increased their price target on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. TD raised their price objective on shares of Dollarama from C$225.00 to C$227.00 and gave the company a "buy" rating in a research report on Friday, June 12th. Jefferies Financial Group lifted their price objective on shares of Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th. Finally, Royal Bank Of Canada set a C$223.00 target price on shares of Dollarama and gave the stock an "outperform" rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Dollarama has a consensus rating of "Moderate Buy" and a consensus target price of C$216.00.

Dollarama Stock Up 1.1%

The stock has a market capitalization of C$52.22 billion, a P/E ratio of 39.68, a PEG ratio of 1.93 and a beta of 0.33. The stock has a 50 day moving average price of C$187.83 and a 200-day moving average price of C$184.10. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08.

Dollarama (TSE:DOL - Get Free Report) last released its earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The company had revenue of C$1.85 billion during the quarter. As a group, research analysts expect that Dollarama Inc. will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were given a $0.12 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.48 annualized dividend and a yield of 0.2%. Dollarama's payout ratio is presently 9.00%.

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. The company's stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

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