Dollarama (TSE:DOL) Stock Price Crosses Above 200 Day Moving Average of $43.47
Dollarama Inc (TSE:DOL)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.47 and traded as high as $48.46. Dollarama shares last traded at $48.11, with a volume of 1,320,082 shares changing hands.
A number of equities analysts have recently weighed in on the stock. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and set a C$48.00 price target on the stock in a research note on Wednesday, March 25th. Canaccord Genuity reduced their target price on Dollarama from C$45.00 to C$43.00 in a report on Thursday, March 26th. National Bank Financial upped their price target on Dollarama from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Wednesday. CIBC lowered their price target on Dollarama from C$48.00 to C$44.00 in a research report on Thursday, April 2nd. Finally, Wells Fargo & Co lowered Dollarama from an “overweight” rating to an “underweight” rating and reduced their price objective for the stock from C$53.00 to C$37.00 in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$46.80.
The company has a market cap of $15.31 billion and a price-to-earnings ratio of 27.60. The business has a 50 day simple moving average of C$43.62 and a 200 day simple moving average of C$43.48.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were given a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, April 16th. Dollarama’s dividend payout ratio is presently 9.89%.
In other Dollarama news, Director John Assaly sold 2,805 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of C$40.90, for a total value of C$114,716.09. Following the transaction, the director now directly owns 8,621 shares in the company, valued at C$352,573.04. Also, Director John Huw Thomas sold 6,000 shares of the company’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of C$38.76, for a total transaction of C$232,552.20. Following the completion of the transaction, the director now owns 31,200 shares in the company, valued at C$1,209,271.44.
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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