Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives Average Recommendation of “Hold” from Analysts

Sleep Country Canada Holdings Inc. (TSE:ZZZ) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$33.79.

Several research firms have recently commented on ZZZ. Stifel Canada downgraded Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, July 22nd. Royal Bank of Canada upped their price objective on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Stifel Nicolaus downgraded shares of Sleep Country Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$31.00 to C$35.00 in a research report on Tuesday, July 23rd. TD Securities cut Sleep Country Canada from a “buy” rating to a “sell” rating and lifted their target price for the company from C$33.00 to C$35.00 in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets cut shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$32.00 to C$35.00 in a report on Tuesday, July 23rd.

Sleep Country Canada Price Performance

The company has a market capitalization of C$1.19 billion, a PE ratio of 16.82, a PEG ratio of 0.39 and a beta of 1.70. The firm has a 50 day moving average of C$34.91 and a 200 day moving average of C$29.91. The company has a debt-to-equity ratio of 108.35, a current ratio of 1.05 and a quick ratio of 0.35. Sleep Country Canada has a twelve month low of C$21.31 and a twelve month high of C$35.24.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.54 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.18. The company had revenue of C$232.49 million during the quarter, compared to the consensus estimate of C$225.21 million. Sleep Country Canada had a net margin of 7.52% and a return on equity of 16.19%. As a group, research analysts expect that Sleep Country Canada will post 2.5888889 earnings per share for the current year.

Sleep Country Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.237 dividend. This represents a $0.95 annualized dividend and a yield of ∞. The ex-dividend date was Monday, August 26th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 45.67%.

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.