Dollarama (TSE:DOL) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

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

Analyst Upgrades and Downgrades

DOL has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$146.00 to C$168.00 in a research report on Friday, April 4th. National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Jefferies Financial Group set a C$180.00 target price on shares of Dollarama and gave the company a "buy" rating in a research note on Thursday, April 10th. Finally, National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$164.50.

Dollarama Stock Performance

The company has a market capitalization of C$45.91 billion, a price-to-earnings ratio of 42.31, 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 firm has a 50-day simple moving average of C$159.29 and a two-hundred day simple moving average of C$148.34.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were paid a $0.1058 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Thursday, April 17th. This is a boost from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio (DPR) is presently 9.42%.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction dated Friday, April 11th. The shares were 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 Dollarama 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 currently owned by company 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.