Dollarama (TSE:DOL) Stock Passes Above 200-Day Moving Average of $46.56

Dollarama Inc (TSE:DOL) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $46.56 and traded as high as $46.95. Dollarama shares last traded at $46.69, with a volume of 315,165 shares.

Several research firms have recently issued reports on DOL. Royal Bank of Canada upped their target price on shares of Dollarama from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Friday, September 13th. CIBC increased their price target on shares of Dollarama from C$48.00 to C$50.00 in a research report on Friday, September 13th. Desjardins reduced their price target on shares of Dollarama from C$49.00 to C$48.00 and set a “hold” rating for the company in a research report on Friday, September 13th. Finally, TD Securities increased their price target on shares of Dollarama from C$49.00 to C$50.00 and gave the company a “hold” rating in a research report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$48.40.

The stock has a market capitalization of $14.65 billion and a PE ratio of 26.90. The business’s fifty day moving average price is C$46.55 and its 200-day moving average price is C$46.56.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, September 12th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.02). The firm had revenue of C$946.41 million for the quarter, compared to analysts’ expectations of C$935.70 million. As a group, research analysts expect that Dollarama Inc will post 2.1199999 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 11th were issued a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, October 10th. Dollarama’s payout ratio is 9.74%.

In related news, Director John Assaly sold 32,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of C$45.08, for a total value of C$1,442,560.00. Following the sale, the director now directly owns 7,526 shares of the company’s stock, valued at C$339,272.08. Also, Senior Officer Michael Ross sold 117,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 1,400 shares in the company, valued at C$66,849.58.

About Dollarama (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.

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