Dollarama (TSE:DOL) Stock Price Passes Above Two Hundred Day Moving Average of $47.31

Shares of Dollarama Inc (TSE:DOL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $47.31 and traded as high as $49.45. Dollarama shares last traded at $45.12, with a volume of 1,539,603 shares traded.

Several analysts recently commented on the stock. TD Securities raised their price target on shares of Dollarama from C$49.00 to C$50.00 and gave the stock a “hold” rating in a report on Friday, September 13th. Royal Bank of Canada raised their price target on shares of Dollarama from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Desjardins restated a “hold” rating on shares of Dollarama in a report on Thursday, November 28th. Finally, CIBC raised their price target on shares of Dollarama from C$48.00 to C$50.00 in a report on Friday, September 13th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Dollarama presently has a consensus rating of “Hold” and a consensus target price of C$48.40.

The stock has a market capitalization of $15.41 billion and a price-to-earnings ratio of 25.93. The stock’s 50 day simple moving average is C$46.70 and its 200-day simple moving average is C$47.31.

Dollarama (TSE:DOL) last posted its earnings results on Thursday, September 12th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.47 by C($0.02). The business had revenue of C$946.41 million for the quarter, compared to analysts’ expectations of C$935.70 million. Research analysts predict that Dollarama Inc will post 2.0999999 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were paid a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, October 10th. Dollarama’s dividend payout ratio (DPR) is presently 9.74%.

In other Dollarama news, Director John Assaly sold 32,000 shares of Dollarama stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of C$45.08, for a total value of C$1,442,560.00. Following the completion of the sale, the director now directly owns 7,526 shares in the company, valued at C$339,272.08. Also, Senior Officer Michael Ross sold 117,000 shares of Dollarama stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of C$47.75, for a total transaction of C$5,586,714.90. Following the completion of the sale, the insider now owns 1,400 shares of the company’s stock, valued at C$66,849.58.

About Dollarama (TSE:DOL)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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