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

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$181.01 and traded as high as C$197.95. Dollarama shares last traded at C$197.83, with a volume of 623,511 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Dollarama from C$223.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. National Bank Financial boosted their price target on shares of Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Desjardins reduced their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research note on Thursday, September 17th. Ventum Financial set a C$225.00 price objective on shares of Dollarama and gave the company a “buy” rating in a research note on Tuesday, September 8th. Finally, UBS Group reduced their price objective on shares of Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$215.12.

Dollarama Price Performance

The company has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 1.93 and a beta of 0.34. The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The business has a 50 day moving average price of C$182.55 and a 200-day moving average price of C$181.26.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. The business had revenue of C$2.03 billion during the quarter. Research analysts predict that Dollarama Inc. will post 5.33 EPS for the current fiscal year.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, October 9th. Dollarama’s dividend payout ratio is presently 9.07%.

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.