Sleep Country Canada (TSE:ZZZ) Given New C$33.00 Price Target at TD Securities

Sleep Country Canada (TSE:ZZZ) had its target price lowered by TD Securities from C$34.00 to C$33.00 in a report released on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also commented on ZZZ. ATB Capital upped 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. Royal Bank of Canada boosted their price objective on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the company a sector perform rating in a research report on Friday, March 8th. CIBC cut shares of Sleep Country Canada from an outperform rating to a neutral rating and boosted 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 objective on Sleep Country Canada from C$28.00 to C$31.00 and gave the company a sector perform rating in a research report on Friday, March 8th. Finally, BMO Capital Markets upped their target price on Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an outperform rating in a report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Sleep Country Canada presently has a consensus rating of Moderate Buy and an average target price of C$32.29.

Sleep Country Canada Stock Up 0.8 %

Shares of TSE ZZZ opened at C$28.02 on Monday. The firm’s fifty day moving average is C$28.67 and its 200 day moving average is C$26.08. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50. The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 113.72. The company has a market cap of C$939.51 million, a price-to-earnings ratio of 13.74, a PEG ratio of 0.39 and a beta of 1.59.

Sleep Country Canada (TSE:ZZZ) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. The firm had revenue of C$255.60 million for the quarter, compared to analysts’ expectations of C$247.85 million. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. On average, equities research analysts expect that Sleep Country Canada will post 2.3695652 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $0.95 annualized dividend and a dividend yield of 3.38%. Sleep Country Canada’s payout ratio is 46.57%.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Craig Depratto sold 8,661 shares of the firm’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. In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were 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 stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. 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.