Sleep Country Canada (TSE:ZZZ) PT Lowered to C$33.00 at TD Securities

Sleep Country Canada (TSE:ZZZ) had its target price cut by TD Securities from C$34.00 to C$33.00 in a research note published on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

ZZZ has been the topic of a number of other research reports. CIBC cut Sleep Country Canada from an outperform rating to a neutral rating and upped their price target for the company from C$27.00 to C$32.00 in a research report on Friday, March 8th. National Bankshares lifted their price target on Sleep Country Canada from C$28.00 to C$31.00 and gave the stock a sector perform rating in a research note on Friday, March 8th. BMO Capital Markets lifted their price objective 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. ATB Capital lifted their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a buy rating in a research report on Friday, March 8th. Finally, Stifel Nicolaus boosted their target price on Sleep Country Canada from C$28.00 to C$33.50 in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$32.29.

Sleep Country Canada Trading Down 0.1 %

TSE ZZZ opened at C$27.30 on Monday. The company has a market cap of C$915.37 million, a price-to-earnings ratio of 13.27, a P/E/G ratio of 0.39 and a beta of 1.59. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50. The business has a 50 day moving average price of C$28.67 and a 200-day moving average price of C$26.12. The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 113.72.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.55 by C$0.01. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. The business had revenue of C$255.60 million during the quarter, compared to the consensus estimate of C$247.85 million. As a group, equities analysts expect that Sleep Country Canada will post 2.3695652 earnings per share for the current fiscal 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 paid 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 (DPR) is 46.57%.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total transaction of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the company’s stock in a transaction that occurred 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. Corporate insiders own 1.62% of the company’s stock.

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.