Dollarama (TSE:DOL) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Dollarama Inc. (TSE:DOL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$184.24 and traded as high as C$192.06. Dollarama shares last traded at C$190.90, with a volume of 777,165 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DOL. Canaccord Genuity Group increased their price target on Dollarama from C$187.00 to C$204.00 in a research report on Friday, June 12th. Canadian Imperial Bank of Commerce boosted their price objective on Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. Desjardins upped their price objective on shares of Dollarama from C$205.00 to C$215.00 in a research note on Friday, June 12th. TD raised their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, Scotiabank lifted their target price on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$216.00.

Dollarama Stock Down 0.1%

The company has a market cap of C$52.17 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 1.93 and a beta of 0.33. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. The business has a fifty day moving average price of C$186.16 and a two-hundred day moving average price of C$184.20.

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

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, August 7th will be given a $0.12 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Dollarama’s dividend payout ratio is presently 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.