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

Sleep Country Canada Holdings Inc. (TSE:ZZZ) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Wall Street Analyst Weigh In

ZZZ has been the topic of several research reports. TD Securities increased their target price on 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. Stifel Nicolaus increased their price target on Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. ATB Capital increased their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a report on Friday, March 8th. CIBC downgraded Sleep Country Canada from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$27.00 to C$32.00 in a report on Friday, March 8th. Finally, National Bankshares increased their price target on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$32.43.

Sleep Country Canada Stock Up 0.3 %

The business’s 50 day simple moving average is C$28.67 and its 200-day simple moving average is C$25.95. The company has a market cap of C$931.80 million, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86.

Sleep Country Canada (TSE:ZZZ) last issued its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (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 during the quarter, compared to analyst estimates of C$247.85 million. Sell-side analysts expect that Sleep Country Canada Holdings Inc. will post 2.3695652 earnings per share for the current year.

Sleep Country Canada Announces Dividend

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

Insider Buying and Selling at Sleep Country Canada

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