Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives C$32.43 Consensus Price Target from Analysts

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$32.29.

ZZZ has been the topic of several analyst reports. National Bankshares upped their price objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. Royal Bank of Canada boosted their price target on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a “sector perform” rating in a research note on Friday, March 8th. TD Securities reduced their price target on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. BMO Capital Markets boosted their target price on Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Finally, CIBC downgraded Sleep Country Canada from an “outperform” rating to a “neutral” rating and increased their price target for the stock from C$27.00 to C$32.00 in a report on Friday, March 8th.

Insider Buying and Selling

In other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$29.22, for a total value of C$146,100.00. In other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of Sleep Country Canada stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. 1.62% of the stock is currently owned by corporate insiders.

Sleep Country Canada Price Performance

TSE:ZZZ opened at C$27.34 on Friday. Sleep Country Canada has a one year low of C$21.31 and a one year 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 stock has a market cap of C$916.71 million, a P/E ratio of 13.36, a PEG ratio of 0.39 and a beta of 1.59. The company has a fifty day moving average price of C$28.65 and a 200 day moving average price of C$26.13.

Sleep Country Canada (TSE:ZZZ) last issued its earnings results on Wednesday, March 6th. The company reported C$0.56 EPS for the quarter, topping the consensus estimate of C$0.55 by C$0.01. The firm 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%. Analysts anticipate that Sleep Country Canada will post 2.3695652 earnings per share for the current year.

Sleep Country Canada Announces Dividend

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

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.