Dollarama (TSE:DOL) Stock Crosses Above 200 Day Moving Average of $47.31

Dollarama Inc (TSE:DOL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.31 and traded as high as $49.45. Dollarama shares last traded at $45.12, with a volume of 1,539,603 shares traded.

Several research analysts recently issued reports on DOL shares. Royal Bank of Canada upped their price target on shares of Dollarama from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. CIBC upped their price target on shares of Dollarama from C$48.00 to C$50.00 in a research report on Friday, September 13th. Desjardins reiterated a “hold” rating on shares of Dollarama in a research report on Thursday, November 28th. Finally, TD Securities upped their price target on shares of Dollarama from C$49.00 to C$50.00 and gave the stock 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 company’s stock. Dollarama presently has an average rating of “Hold” and a consensus target price of C$48.40.

The company’s 50-day moving average is C$46.70 and its 200-day moving average is C$47.31. The firm has a market cap of $15.41 billion and a price-to-earnings ratio of 25.93.

Dollarama (TSE:DOL) last released its 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 business had revenue of C$946.41 million for the quarter, compared to the consensus estimate of C$935.70 million. Research analysts predict that Dollarama Inc will post 2.0999999 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were given a dividend of $0.044 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.18 dividend on an annualized basis and a yield of 0.39%. Dollarama’s payout ratio is presently 9.74%.

In other news, Director John Assaly sold 32,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of C$45.08, for a total value of C$1,442,560.00. Following the completion of the sale, the director now directly owns 7,526 shares of the company’s stock, valued at approximately C$339,272.08. Also, Senior Officer Michael Ross sold 117,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$47.75, for a total value of C$5,586,714.90. Following the completion of the sale, the insider now directly owns 1,400 shares of the company’s stock, valued at C$66,849.58.

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.

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