Sleep Country Canada (TSE:ZZZ) Cut to Sell at TD Securities

TD Securities downgraded shares of Sleep Country Canada (TSE:ZZZ) from a buy rating to a sell rating in a research report sent to investors on Tuesday morning, MarketBeat reports. TD Securities currently has C$35.00 price objective on the stock, up from their previous price objective of C$33.00.

ZZZ has been the subject of several other research reports. BMO Capital Markets lowered their price target on Sleep Country Canada from C$35.00 to C$32.00 in a report on Thursday, May 9th. Stifel Nicolaus reduced their target price on Sleep Country Canada from C$33.50 to C$31.00 in a research note on Thursday, May 9th. National Bankshares reduced their target price on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday, May 9th. Finally, CIBC reduced their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Sleep Country Canada presently has an average rating of Hold and a consensus target price of C$33.79.

Sleep Country Canada Stock Performance

ZZZ stock opened at C$34.87 on Tuesday. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.39 and a beta of 1.61. The company has a quick ratio of 0.35, a current ratio of 0.98 and a debt-to-equity ratio of 113.24. Sleep Country Canada has a twelve month low of C$21.31 and a twelve month high of C$35.16. The business’s fifty day simple moving average is C$26.88 and its two-hundred day simple moving average is C$27.34.

Sleep Country Canada (TSE:ZZZ) last posted its earnings results on Tuesday, May 7th. The company reported C$0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.06). Sleep Country Canada had a net margin of 7.31% and a return on equity of 15.69%. The company had revenue of C$209.72 million during the quarter, compared to analysts’ expectations of C$213.75 million. Analysts predict that Sleep Country Canada will post 2.0810167 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors 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 2.72%. The ex-dividend date of this dividend was Wednesday, May 22nd. Sleep Country Canada’s dividend payout ratio (DPR) 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.