Brokerages Set Sleep Country Canada Holdings Inc. (TSE:ZZZ) Target Price at C$30.79

Sleep Country Canada Holdings Inc. (TSE:ZZZ) has been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$30.79.

A number of equities analysts recently weighed in on ZZZ shares. TD Securities dropped their target price on shares of Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, April 29th. BMO Capital Markets cut their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research 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 report on Thursday, May 9th. CIBC dropped their price target on Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday, May 9th. Finally, National Bankshares reduced their price objective on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday, May 9th.

Sleep Country Canada Price Performance

Shares of Sleep Country Canada stock opened at C$27.25 on Thursday. The company has a market capitalization of C$923.50 million, a price-to-earnings ratio of 13.76, 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. The stock’s 50-day simple moving average is C$26.15 and its 200-day simple moving average is C$27.07. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50.

Sleep Country Canada (TSE:ZZZ) last issued 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 business had revenue of C$209.72 million for the quarter, compared to the consensus estimate of C$213.75 million. As a group, analysts expect that Sleep Country Canada will post 2.0810167 earnings per share for the current fiscal year.

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 30th were given a dividend of $0.237 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.95 dividend on an annualized basis and a yield of 3.48%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 47.98%.

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.