Dollarama (TSE:DOL) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Dollarama Inc. (TSE:DOL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$184.10 and traded as high as C$193.42. Dollarama shares last traded at C$192.85, with a volume of 700,139 shares.

Analyst Upgrades and Downgrades

DOL has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Bank of America set a C$220.00 price target on shares of Dollarama and gave the company a “buy” rating in a report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the company an “outperform” rating in a research report on Thursday, June 4th. Stifel Nicolaus lifted their price objective on Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Finally, Sanford C. Bernstein cut their price objective on Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. One investment 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 stock. According to MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and a consensus price target of C$216.00.

Dollarama Stock Performance

The firm’s fifty day moving average price is C$188.16 and its 200-day moving average price is C$184.10. The company has a market cap of C$51.88 billion, a P/E ratio of 39.42, a P/E/G ratio of 1.93 and a beta of 0.33. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20.

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

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Investors of record on Friday, August 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Friday, July 10th. Dollarama’s dividend payout ratio is presently 9.00%.

About Dollarama

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.