Sleep Country Canada (TSE:ZZZ – Free Report) had its price target raised by Royal Bank of Canada from C$30.00 to C$35.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.
A number of other brokerages have also issued reports on ZZZ. TD Securities lowered shares of Sleep Country Canada from a buy rating to a sell rating and raised their price objective for the company from C$33.00 to C$35.00 in a report on Tuesday. BMO Capital Markets dropped their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday, May 9th. Stifel Nicolaus lowered shares of Sleep Country Canada from a buy rating to a hold rating and lifted their price target for the stock from C$31.00 to C$35.00 in a report on Tuesday. CIBC decreased their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday, May 9th. Finally, National Bankshares downgraded Sleep Country Canada from a sector perform rating to a tender rating and set a C$35.00 target price on the stock. in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of C$33.79.
View Our Latest Stock Report on ZZZ
Sleep Country Canada Price Performance
Sleep Country Canada (TSE:ZZZ – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported C$0.28 earnings per share 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 firm had revenue of C$209.72 million for the quarter, compared to analyst estimates of C$213.75 million. Research analysts predict that Sleep Country Canada will post 2.0810167 earnings per share for the current fiscal 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 paid a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Wednesday, May 22nd. Sleep Country Canada’s dividend payout ratio 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.
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