Sleep Country Canada Holdings Inc. (TSE:ZZZ) Given Consensus Rating of “Hold” by Analysts

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$33.79.

ZZZ has been the subject of a number of research reports. National Bankshares cut shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 target price for the company. in a report on Tuesday, July 23rd. Stifel Canada downgraded shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 22nd. Stifel Nicolaus cut shares of Sleep Country Canada from a “buy” rating to a “hold” rating and boosted their price objective for the stock from C$31.00 to C$35.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price target on Sleep Country Canada from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Finally, TD Securities cut Sleep Country Canada from a “buy” rating to a “sell” rating and upped their target price for the company from C$33.00 to C$35.00 in a report on Tuesday, July 23rd.

Sleep Country Canada Trading Down 0.1 %

ZZZ opened at C$34.93 on Tuesday. The stock has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 0.39 and a beta of 1.70. The company has a quick ratio of 0.35, a current ratio of 1.05 and a debt-to-equity ratio of 108.35. Sleep Country Canada has a twelve month low of C$21.31 and a twelve month high of C$35.24. The company has a 50-day simple moving average of C$34.14 and a 200 day simple moving average of C$29.69.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.54 EPS for the quarter, beating the consensus estimate of C$0.36 by C$0.18. Sleep Country Canada had a net margin of 7.52% and a return on equity of 16.19%. The business had revenue of C$232.49 million during the quarter, compared to the consensus estimate of C$225.21 million. Analysts predict that Sleep Country Canada will post 2.5888889 EPS for the current fiscal year.

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were issued a dividend of $0.237 per share. The ex-dividend date was Monday, August 26th. This represents a $0.95 annualized dividend and a dividend yield of 2.71%. Sleep Country Canada’s dividend payout ratio is currently 45.67%.

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.