Sleep Country Canada (TSE:ZZZ) Shares Cross Above 50 Day Moving Average of $26.92

Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$26.92 and traded as high as C$26.98. Sleep Country Canada shares last traded at C$26.81, with a volume of 44,412 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ZZZ shares. 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 report on Friday, March 8th. CIBC reduced their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday, May 9th. ATB Capital lifted their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a "buy" rating in a research report on Friday, March 8th. Stifel Nicolaus reduced their price objective on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday, May 9th. Finally, BMO Capital Markets reduced their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research report 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$30.79.

Sleep Country Canada Stock Down 1.4 %

The company has a debt-to-equity ratio of 113.24, a current ratio of 0.98 and a quick ratio of 0.35. The business has a 50 day moving average price of C$26.89 and a 200 day moving average price of C$26.89. The firm has a market capitalization of C$908.59 million, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.39 and a beta of 1.61.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last posted 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 business had revenue of C$209.72 million during the quarter, compared to the consensus estimate of C$213.75 million. Sleep Country Canada had a return on equity of 15.69% and a net margin of 7.31%. On average, analysts predict that Sleep Country Canada Holdings Inc. will post 2.0810167 earnings per share for the current year.

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 30th were issued a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Wednesday, May 22nd. Sleep Country Canada's payout ratio is 47.98%.

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.