Sleep Country Canada (TSE:ZZZ) Stock Price Passes Below 50-Day Moving Average of $26.64

Sleep Country Canada Holdings Inc. (TSE:ZZZ) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$26.64 and traded as low as C$25.32. Sleep Country Canada shares last traded at C$25.54, with a volume of 91,014 shares trading hands.

Wall Street Analyst Weigh In

ZZZ has been the subject of a number of research analyst reports. TD Securities dropped their price objective on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, April 29th. Royal Bank of Canada lifted their price objective on Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. CIBC dropped their target price on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday, May 9th. BMO Capital Markets reduced their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research report on Thursday, May 9th. Finally, Stifel Nicolaus decreased their price objective on shares of Sleep Country Canada from C$33.50 to C$31.00 in a research note on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$30.79.

Sleep Country Canada Price Performance

The company has a market cap of C$883.85 million, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.39 and a beta of 1.61. The business’s 50 day moving average price is C$26.58 and its 200-day moving average price is C$27.01. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 113.24.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.28 EPS for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.06). The firm had revenue of C$209.72 million during the quarter, compared to analyst estimates of C$213.75 million. Sleep Country Canada had a return on equity of 15.69% and a net margin of 7.31%. As a group, analysts forecast that Sleep Country Canada Holdings Inc. will post 2.0810167 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were issued a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, May 22nd. Sleep Country Canada’s dividend payout ratio is currently 47.98%.

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.