Dollarama (TSE:DOL) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Dollarama Inc. (TSE:DOLGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$186.64 and traded as high as C$188.59. Dollarama shares last traded at C$186.57, with a volume of 442,792 shares changing hands.

Analyst Upgrades and Downgrades

DOL has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Dollarama from C$195.00 to C$185.00 in a research report on Wednesday, March 25th. Canaccord Genuity Group lifted their price target on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Desjardins boosted their price target on Dollarama from C$205.00 to C$215.00 in a research report on Friday, June 12th. Scotiabank raised their price objective on Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. Finally, Jefferies Financial Group lifted their target price on Dollarama from C$200.00 to C$230.00 in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$216.00.

Read Our Latest Research Report on DOL

Dollarama Stock Up 0.8%

The firm has a market cap of C$50.94 billion, a P/E ratio of 38.71, a P/E/G ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. The firm’s fifty day moving average is C$179.44 and its 200 day moving average is C$186.65.

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

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s dividend payout ratio (DPR) is 9.00%.

About Dollarama

(Get Free Report)

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.

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