Dollarama (TSE:DOL) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$186.64 and traded as high as C$188.59. Dollarama shares last traded at C$186.57, with a volume of 442,792 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DOL. Jefferies Financial Group increased their price objective on shares of Dollarama from C$200.00 to C$230.00 in a research note on Friday, June 12th. National Bank Financial boosted their target price on shares of Dollarama from C$203.00 to C$209.00 in a research report on Friday, June 12th. Canaccord Genuity Group upped their price target on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price target on shares of Dollarama and gave the stock an “outperform” rating in a research report on Thursday, June 4th. Finally, TD Securities decreased their price objective on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$216.00.

Dollarama Trading Down 0.6%

The business’s 50 day simple moving average is C$179.08 and its two-hundred day simple moving average is C$186.64. The stock has a market cap of C$50.52 billion, a P/E ratio of 38.39, a PEG ratio of 1.93 and a beta of 0.37. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20.

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

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, July 10th. Dollarama’s dividend payout ratio (DPR) is presently 9.00%.

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