Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives C$32.43 Consensus Target Price from Brokerages

Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$32.43.

Several equities analysts have weighed in on the company. TD Securities increased their price objective on Sleep Country Canada from C$31.00 to C$34.00 and gave the company a "buy" rating in a report on Friday, March 8th. National Bankshares raised 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 report on Friday, March 8th. ATB Capital raised their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a "buy" rating in a report on Friday, March 8th. Royal Bank of Canada raised their price target on Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a "sector perform" rating in a report on Friday, March 8th. Finally, Stifel Nicolaus increased their price objective on Sleep Country Canada from C$28.00 to C$33.50 in a research report on Friday, March 8th.

Sleep Country Canada Trading Up 0.3 %

Shares of TSE ZZZ traded up C$0.07 during trading on Friday, reaching C$27.79. The company had a trading volume of 22,327 shares, compared to its average volume of 63,552. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month 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's fifty day moving average price is C$28.67 and its 200-day moving average price is C$25.99. The stock has a market cap of C$931.80 million, a P/E ratio of 13.62, a PEG ratio of 0.39 and a beta of 1.59.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported C$0.56 EPS for the quarter, beating 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 company had revenue of C$255.60 million for the quarter, compared to analyst estimates of C$247.85 million. As a group, research analysts expect that Sleep Country Canada will post 2.3695652 earnings per share for the current year.

Sleep Country Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 29th were given a dividend of $0.237 per share. The ex-dividend date was Tuesday, February 20th. This represents a $0.95 annualized dividend and a yield of 3.41%. Sleep Country Canada's payout ratio is 46.57%.

Insider Buying and Selling at Sleep Country Canada

In related news, Senior Officer Craig Depratto sold 8,661 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In related news, Senior Officer Craig Depratto sold 8,661 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the business'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.

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.