Sleep Country Canada (TSE:ZZZ) Share Price Crosses Below 50-Day Moving Average of $27.49

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$27.49 and traded as low as C$24.19. Sleep Country Canada shares last traded at C$25.40, with a volume of 49,180 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZZZ. TD Securities lifted their price objective on Sleep Country Canada from C$34.00 to C$39.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Royal Bank of Canada raised their price target on Sleep Country Canada from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 2nd. Stifel Nicolaus decreased their price target on Sleep Country Canada from C$42.00 to C$38.00 in a research note on Tuesday, August 2nd. CIBC decreased their price target on Sleep Country Canada from C$37.00 to C$35.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 19th. Finally, BMO Capital Markets decreased their price target on Sleep Country Canada from C$37.00 to C$35.00 in a research note on Thursday, July 21st.

Sleep Country Canada Stock Up 2.1 %

The firm has a market capitalization of C$921.57 million and a price-to-earnings ratio of 9.10. The company has a current ratio of 0.96, a quick ratio of 0.33 and a debt-to-equity ratio of 95.89. The firm has a 50 day moving average price of C$27.49 and a two-hundred day moving average price of C$27.03.

Sleep Country Canada (TSE:ZZZGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.62 by C$0.07. The firm had revenue of C$227.58 million during the quarter, compared to analyst estimates of C$215.80 million. On average, equities analysts expect that Sleep Country Canada Holdings Inc. will post 3.4200001 earnings per share for the current fiscal year.

Sleep Country Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Monday, August 29th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Thursday, August 18th. Sleep Country Canada’s dividend payout ratio is currently 30.82%.

About Sleep Country Canada

(Get Rating)

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

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