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

Dollarama Inc. (TSE:DOL - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$147.58 and traded as high as C$172.22. Dollarama shares last traded at C$170.98, with a volume of 450,692 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on DOL. Royal Bank of Canada upped their target price on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Jefferies Financial Group set a C$180.00 target price on shares of Dollarama and gave the stock a "buy" rating in a report on Thursday, April 10th. Canaccord Genuity Group boosted their target price on shares of Dollarama from C$146.00 to C$168.00 in a research note on Friday, April 4th. TD Securities raised their price target on Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Desjardins increased their target price on Dollarama from C$150.00 to C$160.00 and gave the company a "buy" rating in a report on Wednesday, April 2nd. 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 company's stock. According to MarketBeat.com, Dollarama currently has a consensus rating of "Moderate Buy" and an average target price of C$164.50.

Dollarama Trading Up 0.6 %

The stock has a fifty day simple moving average of C$157.64 and a 200 day simple moving average of C$147.58. The firm has a market capitalization of C$47.25 billion, a P/E ratio of 43.55, a PEG ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

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

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of the firm's 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. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the 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. Insiders own 2.23% of the company's stock.

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.

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