Dollarama (TSE:DOL) Shares Pass Above 200 Day Moving Average on Insider Selling

Dollarama Inc. (TSE:DOL)’s share price passed above its 200-day moving average during trading on Monday after an insider bought additional shares in the company. The stock has a 200-day moving average of C$155.35 and traded as high as C$192.72. Dollarama shares last traded at C$191.83, with a volume of 482,526 shares changing hands.

Wall Street Analyst Weigh In

DOL has been the subject of a number of recent analyst reports. TD Securities lifted their price target on shares of Dollarama from C$185.00 to C$210.00 and gave the company a “buy” rating in a research report on Thursday, June 12th. National Bankshares upgraded shares of Dollarama from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. Scotiabank lifted their price target on shares of Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. Finally, Canaccord Genuity Group lifted their price target on shares of Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Up 2.0%

The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a market capitalization of C$53.01 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 1.93 and a beta of 0.56. The business’s fifty day moving average price is C$175.26 and its 200 day moving average price is C$155.35.

Dollarama Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were paid a $0.1058 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama’s payout ratio is currently 9.42%.

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.