Sleep Country Canada (TSE:ZZZ) Share Price Passes Below 50-Day Moving Average of $28.59

Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$28.59 and traded as low as C$27.33. Sleep Country Canada shares last traded at C$27.42, with a volume of 29,247 shares.

Analyst Ratings Changes

Several brokerages recently commented on ZZZ. ATB Capital raised their target price on Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a "buy" rating in a research report on Friday, March 8th. Stifel Nicolaus upped their price target on shares of Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. National Bankshares increased their price objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the stock a "sector perform" 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 research report on Friday, March 8th. Finally, CIBC downgraded Sleep Country Canada from an "outperform" rating to a "neutral" rating and increased their price objective for the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$32.29.

Sleep Country Canada Stock Performance

The stock has a market cap of C$899.27 million, a P/E ratio of 13.15, a P/E/G ratio of 0.39 and a beta of 1.60. The company has a fifty day moving average price of C$28.56 and a 200 day moving average price of C$26.31. The company has a debt-to-equity ratio of 113.72, a current ratio of 0.86 and a quick ratio of 0.35.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of C$255.60 million during the quarter, compared to analyst estimates of C$247.85 million. On average, equities analysts expect that Sleep Country Canada Holdings Inc. will post 2.3407534 EPS for the current year.

Sleep Country Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 30th will be given a dividend of $0.237 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.95 dividend on an annualized basis and a yield of 3.53%. Sleep Country Canada's dividend payout ratio is presently 46.57%.

Insider Activity at Sleep Country Canada

In related news, Senior Officer Craig Depratto sold 8,661 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. Also, 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 value of C$146,100.00. 1.55% of the stock is currently owned by corporate insiders.

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.