Sleep Country Canada (TSE:ZZZ) Stock Price Crosses Below Fifty Day Moving Average of $28.66

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$28.66 and traded as low as C$27.47. Sleep Country Canada shares last traded at C$27.72, with a volume of 21,497 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ZZZ. BMO Capital Markets upped their price objective on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. National Bankshares upped their price objective on shares of Sleep Country Canada from C$28.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Friday, March 8th. TD Securities upped their price objective on shares of Sleep Country Canada from C$31.00 to C$34.00 and gave the stock a “buy” rating in a research report on Friday, March 8th. ATB Capital boosted their target price on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a report on Friday, March 8th. Finally, Royal Bank of Canada boosted their target price on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Friday, March 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$32.43.

Sleep Country Canada Stock Up 0.3 %

The stock’s fifty day simple moving average is C$28.67 and its two-hundred day simple moving average is C$25.95. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86. The stock has a market capitalization of C$931.80 million, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 EPS for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. The company had revenue of C$255.60 million for the quarter, compared to analyst estimates of C$247.85 million. As a group, research analysts expect that Sleep Country Canada Holdings Inc. will post 2.3695652 EPS for the current fiscal year.

Sleep Country Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is currently 46.57%.

Insider Activity

In other news, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In related news, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. Insiders own 1.62% of the company’s stock.

About Sleep Country Canada

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.