Sleep Country Canada (TSE:ZZZ) Shares Pass Below 50 Day Moving Average of $28.66

Sleep Country Canada Holdings Inc. (TSE:ZZZ)’s stock price passed 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.

Analyst Upgrades and Downgrades

ZZZ has been the topic of a number of research analyst reports. ATB Capital boosted their price target 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. BMO Capital Markets boosted their price target on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, March 8th. National Bankshares boosted their price objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. CIBC cut Sleep Country Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from C$27.00 to C$32.00 in a research note on Friday, March 8th. Finally, TD Securities boosted their price objective on Sleep Country Canada from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.43.

Sleep Country Canada Stock Down 0.7 %

The stock has a 50 day moving average of C$28.66 and a 200-day moving average of C$25.94. The firm has a market capitalization of C$929.45 million, a P/E ratio of 13.59, a PEG 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 announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, beating the consensus estimate of C$0.55 by C$0.01. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. The firm had revenue of C$255.60 million for the quarter, compared to analysts’ expectations of C$247.85 million. Research analysts predict that Sleep Country Canada Holdings Inc. will post 2.3695652 earnings per share for the current fiscal year.

Sleep Country Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were given a dividend of $0.237 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is presently 46.57%.

Insider Activity

In other news, Senior Officer Craig Depratto sold 8,661 shares of the company’s 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. In related news, Senior Officer Stewart Schaefer sold 5,000 shares of the company’s stock in a transaction that occurred on 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 company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. Company insiders own 1.62% of the company’s stock.

Sleep Country Canada Company Profile

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.