Sleep Country Canada (TSE:ZZZ) Share Price Crosses Above 50-Day Moving Average of $30.27

Sleep Country Canada Holdings Inc. (TSE:ZZZ) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$30.27 and traded as high as C$35.07. Sleep Country Canada shares last traded at C$35.01, with a volume of 101,809 shares.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Canada lowered shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, July 22nd. CIBC lowered their price objective 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 downgraded Sleep Country Canada from an “outperform” rating to a “market perform” rating and raised their target price for the company from C$32.00 to C$35.00 in a report on Tuesday, July 23rd. Stifel Nicolaus cut Sleep Country Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$31.00 to C$35.00 in a report on Tuesday, July 23rd. Finally, TD Securities lowered Sleep Country Canada from a “buy” rating to a “sell” rating and raised their price objective for the company from C$33.00 to C$35.00 in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Sleep Country Canada has a consensus rating of “Hold” and a consensus price target of C$33.79.

Sleep Country Canada Stock Performance

The company has a market cap of C$1.19 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 0.39 and a beta of 1.69. The company has a debt-to-equity ratio of 108.35, a quick ratio of 0.35 and a current ratio of 1.05. The company has a fifty day moving average of C$30.27 and a two-hundred day moving average of C$28.59.

Sleep Country Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Monday, August 26th. Sleep Country Canada’s payout ratio is 45.67%.

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.