Dollarama (TSE:DOL) Share Price Passes Above 200-Day Moving Average – Here’s Why

Dollarama Inc. (TSE:DOL) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$187.39 and traded as high as C$189.98. Dollarama shares last traded at C$186.89, with a volume of 1,653,922 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOL. Stifel Nicolaus upped their target price on Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. National Bank Financial upped their price objective on shares of Dollarama from C$203.00 to C$209.00 in a report on Friday, June 12th. UBS Group lowered their target price on shares of Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. Scotiabank boosted their target price on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. Finally, TD raised their price target on Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a research report on Friday, June 12th. 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. Based on data from MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and an average target price of C$216.00.

Dollarama Stock Performance

The firm’s 50 day moving average price is C$176.56 and its 200-day moving average price is C$187.39. The firm has a market cap of C$50.61 billion, a price-to-earnings ratio of 38.45, 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 current ratio of 1.57 and a quick ratio of 0.08.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The company had revenue of C$1.85 billion for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. On average, analysts anticipate that Dollarama Inc. will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s dividend payout ratio is currently 9.00%.

Dollarama Company Profile

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.