Dollarama (TSE:DOL) Share Price Passes Above 200-Day Moving Average – Here’s Why
by Sarita Garza · The Markets DailyDollarama Inc. (TSE:DOL – Get Free Report)’s stock price 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 trading hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on DOL shares. TD raised their price objective on Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Wells Fargo & Company lowered their price objective on shares of Dollarama from C$195.00 to C$185.00 in a research report on Wednesday, March 25th. Sanford C. Bernstein cut their target price on shares of Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their price target on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. Finally, Jefferies Financial Group upped their price target on shares of Dollarama from C$200.00 to C$230.00 in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$216.00.
Check Out Our Latest Stock Analysis on Dollarama
Dollarama Stock Down 0.5%
The stock 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 business has a fifty day moving average of C$176.56 and a 200 day moving average of C$187.39. 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 – Get Free Report) last posted its earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. The firm had revenue of C$1.85 billion during the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. On average, equities analysts predict 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. Investors of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s dividend 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.