Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$28.41 and traded as low as C$27.82. Sleep Country Canada shares last traded at C$28.57, with a volume of 49,748 shares.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Sleep Country Canada from C$31.00 to C$34.00 and gave the company a "buy" rating in a report on Friday, March 8th. BMO Capital Markets boosted their price objective on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the company an "outperform" rating in a research note on Friday, March 8th. National Bankshares increased their target price on 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. Stifel Nicolaus boosted their price target on Sleep Country Canada from C$28.00 to C$33.50 in a research report on Friday, March 8th. Finally, CIBC downgraded Sleep Country Canada from an "outperform" rating to a "neutral" rating and raised their price objective for the stock from C$27.00 to C$32.00 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$32.43.
Get Our Latest Stock Analysis on ZZZ
Sleep Country Canada Stock Performance
The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 113.72. The company has a market cap of C$957.95 million, a price-to-earnings ratio of 14.00, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59. The firm has a 50-day moving average price of C$28.41 and a 200 day moving average price of C$25.55.
Sleep Country Canada (TSE:ZZZ - Get Free Report) last posted 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 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 the consensus estimate of C$247.85 million. As a group, sell-side analysts forecast that Sleep Country Canada Holdings Inc. will post 2.3695652 EPS for the current year.
Sleep Country Canada Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 29th were paid a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Tuesday, February 20th. Sleep Country Canada's payout ratio is 46.57%.
Insider Activity at Sleep Country Canada
In other news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction that occurred 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. In other news, 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 value of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of Sleep Country Canada stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. 1.62% of the stock is currently owned by insiders.
About Sleep Country Canada
(
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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.
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