Dollarama (TSE:DOL) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$135.55 and traded as high as C$139.65. Dollarama shares last traded at C$138.51, with a volume of 1,791,572 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DOL. BMO Capital Markets raised their target price on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Desjardins lifted their price objective on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus boosted their price objective on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. TD Securities raised their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollarama currently has a consensus rating of “Hold” and an average target price of C$145.17.

Dollarama Stock Performance

The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The firm’s fifty day moving average is C$144.68 and its 200 day moving average is C$135.55. The company has a market cap of C$39.03 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Buying and Selling

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Insiders sold a total of 57,480 shares of company stock worth $8,130,761 in the last 90 days. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.