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

Dollarama Inc. (TSE:DOL - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$145.78 and traded as high as C$172.55. Dollarama shares last traded at C$172.21, with a volume of 528,091 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOL. BMO Capital Markets upped their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Canaccord Genuity Group increased their target price on shares of Dollarama from C$146.00 to C$168.00 in a report on Friday, April 4th. Royal Bank of Canada increased their target price on shares of Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. Scotiabank increased their target price on shares of Dollarama from C$150.00 to C$175.00 in a report on Friday, April 4th. Finally, CIBC increased their target price on shares of Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Dollarama currently has an average rating of "Moderate Buy" and an average price target of C$164.50.

Dollarama Price Performance

The company has a market capitalization of C$47.21 billion, a P/E ratio of 43.51, a P/E/G ratio of 1.93 and a beta of 0.56. The business's 50-day simple moving average is C$155.21 and its 200 day simple moving average is C$146.65. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be given a dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.25%. This is an increase from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 17th. Dollarama's payout ratio is 9.42%.

Insider Transactions at Dollarama

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