Sleep Country Canada (TSE:ZZZ - Free Report) had its target price trimmed by TD Securities from C$34.00 to C$33.00 in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
ZZZ has been the topic of a number of other reports. ATB Capital upped their price objective on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a buy rating in a report on Friday, March 8th. Stifel Nicolaus lifted their price objective on shares of Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. BMO Capital Markets increased their target price on shares of 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. National Bankshares lifted their price target on shares of 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, Royal Bank of Canada increased 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 research report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of C$32.29.
Get Our Latest Analysis on ZZZ
Sleep Country Canada Stock Performance
TSE:ZZZ traded up C$0.23 during mid-day trading on Monday, hitting C$28.02. The stock had a trading volume of 34,662 shares, compared to its average volume of 63,204. Sleep Country Canada has a twelve month low of C$21.31 and a twelve month high of C$30.50. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86. The stock 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. The company's 50 day simple moving average is C$28.67 and its 200 day simple moving average is C$26.08.
Sleep Country Canada (TSE:ZZZ - Get Free Report) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of C$247.85 million. On average, equities research analysts forecast that Sleep Country Canada will post 2.3695652 earnings per share for the current year.
Sleep Country Canada Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 29th were given a $0.237 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.95 annualized dividend and a yield of 3.38%. Sleep Country Canada's dividend payout ratio is presently 46.57%.
Insider Activity
In related news, Senior Officer Craig Depratto sold 8,661 shares of the business's stock in a transaction 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 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 value of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the 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 transaction of C$146,100.00. 1.62% of the stock is currently owned by insiders.
Sleep Country Canada Company Profile
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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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