Dollarama (TSE:DOL) Stock Price Crosses Above Two Hundred Day Moving Average of $45.21

Dollarama Inc (TSE:DOL)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $45.21 and traded as high as $47.97. Dollarama shares last traded at $47.35, with a volume of 275,576 shares changing hands.

Several research firms recently commented on DOL. Royal Bank of Canada upped their price objective on Dollarama from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. BMO Capital Markets upped their price objective on Dollarama from C$50.00 to C$52.00 and gave the company a “market perform” rating in a research note on Wednesday, July 3rd. Raymond James upped their price objective on Dollarama from C$45.00 to C$48.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Industrial Alliance Securities upped their price objective on Dollarama from C$43.00 to C$45.00 and gave the company a “hold” rating in a research note on Wednesday, July 3rd. Finally, TD Securities upped their price objective on Dollarama from C$49.00 to C$50.00 and gave the company a “hold” rating in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$48.40.

The business’s fifty day simple moving average is C$48.78 and its 200-day simple moving average is C$45.33. The firm has a market cap of $14.88 billion and a P/E ratio of 27.42.



The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be issued a dividend of $0.044 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.18 dividend on an annualized basis and a yield of 0.37%. Dollarama’s payout ratio is 9.74%.

In other Dollarama news, Senior Officer Michael Ross sold 117,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of C$47.75, for a total transaction of C$5,586,714.90. Following the sale, the insider now owns 1,400 shares of the company’s stock, valued at approximately C$66,849.58. Also, Director Nicolas Hien sold 32,000 shares of the business’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of C$50.20, for a total transaction of C$1,606,537.60. Insiders have sold a total of 153,453 shares of company stock worth $7,412,176 in the last three months.

Dollarama Company Profile (TSE:DOL)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

Read More: Calculate Your Return on Investment (ROI)

Receive News & Ratings for Dollarama Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama and related companies with MarketBeat.com's FREE daily email newsletter.