Sleep Country Canada (TSE:ZZZ) PT Lowered to C$33.00 at TD Securities

Sleep Country Canada (TSE:ZZZ) had its target price reduced by TD Securities from C$34.00 to C$33.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also recently weighed in on ZZZ. ATB Capital boosted their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a buy rating in a report on Friday, March 8th. BMO Capital Markets boosted their price objective on Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an outperform rating in a report on Friday, March 8th. CIBC cut Sleep Country Canada from an outperform rating to a neutral rating and boosted their price objective for the stock from C$27.00 to C$32.00 in a report on Friday, March 8th. National Bankshares boosted 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. Finally, Stifel Nicolaus boosted their price objective on Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$32.29.

Sleep Country Canada Stock Down 0.1 %

ZZZ opened at C$27.30 on Monday. Sleep Country Canada has a fifty-two week low of C$21.31 and a fifty-two week high of C$30.50. The company has a debt-to-equity ratio of 113.72, a current ratio of 0.86 and a quick ratio of 0.35. The firm’s fifty day moving average price is C$28.67 and its two-hundred day moving average price is C$26.12. The company has a market capitalization of C$915.37 million, a P/E ratio of 13.27, a P/E/G ratio of 0.39 and a beta of 1.59.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. The company had revenue of C$255.60 million during the quarter, compared to analysts’ expectations of C$247.85 million. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. On average, analysts anticipate that Sleep Country Canada will post 2.3695652 EPS for the current year.

Sleep Country Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were given a dividend of $0.237 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.95 annualized dividend and a dividend yield of 3.47%. Sleep Country Canada’s payout ratio is currently 46.57%.

Insider Transactions at Sleep Country Canada

In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 Stewart Schaefer sold 5,000 shares of the company’s stock in a transaction 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. Also, 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. Corporate insiders own 1.62% of the company’s stock.

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.