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

Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$137.93 and traded as high as C$141.11. Dollarama shares last traded at C$140.83, with a volume of 684,942 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOL. UBS Group set a C$147.00 price target on shares of Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. Royal Bank of Canada dropped their price target on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. Desjardins upped their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Stifel Nicolaus upped their price target on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Finally, National Bankshares cut shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$145.17.

Dollarama Stock Up 1.7 %

The company has a market capitalization of C$39.68 billion, a P/E ratio of 36.48, a P/E/G ratio of 1.93 and a beta of 0.56. The business’s fifty day moving average price is C$141.09 and its 200 day moving average price is C$137.93. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend is Friday, January 10th. Dollarama’s payout ratio is 9.59%.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. 2.23% of the stock is owned by corporate insiders.

About Dollarama

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.