Sleep Country Canada (TSE:ZZZ) Shares Cross Below 50 Day Moving Average of $27.49

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating)’s share price passed 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 trading hands.

Analyst Upgrades and Downgrades

ZZZ has been the topic of a number of analyst reports. TD Securities raised their price target on Sleep Country Canada from C$34.00 to C$39.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. CIBC cut 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. Royal Bank of Canada lifted their target price on Sleep Country Canada from C$32.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 2nd. Stifel Nicolaus cut their target price on Sleep Country Canada from C$42.00 to C$38.00 in a research report on Tuesday, August 2nd. Finally, BMO Capital Markets cut their target price on Sleep Country Canada from C$37.00 to C$35.00 in a research report on Thursday, July 21st.

Sleep Country Canada Price Performance

The stock has a market cap of C$921.57 million and a price-to-earnings ratio of 9.10. The company has a 50-day moving average of C$27.49 and a 200-day moving average of C$27.03. The company has a debt-to-equity ratio of 95.89, a quick ratio of 0.33 and a current ratio of 0.96.

Sleep Country Canada (TSE:ZZZGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.62 by C$0.07. The company had revenue of C$227.58 million during the quarter, compared to analyst estimates of C$215.80 million. As a group, equities research analysts predict that Sleep Country Canada Holdings Inc. will post 3.4200001 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Monday, August 29th were given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Thursday, August 18th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 30.82%.

Sleep Country Canada Company Profile

(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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