Dollarama (TSE:DOL) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Dollarama Inc. (TSE:DOL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$184.63 and traded as high as C$188.81. Dollarama shares last traded at C$187.73, with a volume of 531,147 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DOL. Canadian Imperial Bank of Commerce raised their price target on Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. Stifel Nicolaus upped their price objective on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. Sanford C. Bernstein decreased their target price on shares of Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. National Bank Financial raised their target price on shares of Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th. Finally, Royal Bank Of Canada set a C$223.00 price target on shares of Dollarama and gave the stock an “outperform” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollarama currently has an average rating of “Moderate Buy” and a consensus price target of C$216.00.

Dollarama Stock Down 0.6%

The business has a 50-day moving average price of C$184.44 and a 200-day moving average price of C$184.58. The company has a market capitalization of C$51.29 billion, a price-to-earnings ratio of 38.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOL) last released its quarterly 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 during the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. As a group, equities analysts anticipate that Dollarama Inc. will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, August 7th will be issued 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 payout ratio is currently 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.