Dollarama (TSE:DOL) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Dollarama Inc. (TSE:DOL) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$136.96 and traded as high as C$140.34. Dollarama shares last traded at C$139.26, with a volume of 755,891 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stifel Nicolaus lifted their price target on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Royal Bank of Canada cut their price target on shares of Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. CIBC boosted their target price on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Finally, UBS Group set a C$147.00 target price on shares of Dollarama and gave the stock a “neutral” rating in a report on Friday, December 13th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$145.17.

Dollarama Stock Up 0.1 %

The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market cap of C$39.27 billion, a PE ratio of 36.10, a P/E/G ratio of 1.93 and a beta of 0.56. The business has a 50-day simple moving average of C$143.61 and a 200-day simple moving average of C$137.19.

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, February 7th will be issued a $0.092 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.37 annualized dividend and a yield of 0.26%. Dollarama’s payout ratio is 9.59%.

Insider Transactions at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders own 2.23% of the company’s stock.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.