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

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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ZZZ. BMO Capital Markets upped their price objective on Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. ATB Capital upped their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a research note on Friday, March 8th. Royal Bank of Canada upped their price objective on Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, March 8th. Stifel Nicolaus upped their price objective on Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. Finally, CIBC lowered Sleep Country Canada from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$27.00 to C$32.00 in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$32.43.

Sleep Country Canada Price Performance

The company has a debt-to-equity ratio of 113.72, a current ratio of 0.86 and a quick ratio of 0.35. The stock has a 50 day moving average price of C$28.66 and a 200-day moving average price of C$25.94. The stock has a market capitalization of C$929.45 million, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of C$247.85 million. On average, analysts forecast that Sleep Country Canada Holdings Inc. will post 2.3695652 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 29th were given a $0.237 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.95 dividend on an annualized basis and a yield of 3.42%. Sleep Country Canada’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling at Sleep Country Canada

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