Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives C$33.79 Consensus PT from Brokerages

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have received an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$33.79.

A number of analysts have recently issued reports on the company. Stifel Nicolaus lowered Sleep Country Canada from a “buy” rating to a “hold” rating and increased their target price for the company from C$31.00 to C$35.00 in a report on Tuesday, July 23rd. BMO Capital Markets downgraded Sleep Country Canada from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from C$32.00 to C$35.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada lifted their target price on Sleep Country Canada from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 23rd. National Bankshares lowered shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 price target for the company. in a research report on Tuesday, July 23rd. Finally, TD Securities cut shares of Sleep Country Canada from a “buy” rating to a “sell” rating and raised their price target for the stock from C$33.00 to C$35.00 in a report on Tuesday, July 23rd.

Sleep Country Canada Price Performance

The company has a fifty day moving average of C$34.93 and a two-hundred day moving average of C$30.19. The company has a debt-to-equity ratio of 108.35, a current ratio of 1.05 and a quick ratio of 0.35. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.69. Sleep Country Canada has a 1 year low of C$21.31 and a 1 year high of C$35.24.

Sleep Country Canada (TSE:ZZZ) last announced its earnings results on Thursday, August 8th. The company reported C$0.54 EPS for the quarter, topping 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 company had revenue of C$232.49 million during the quarter, compared to analysts’ expectations of C$225.21 million.

Sleep Country Canada Announces Dividend

The company also recently declared 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 of this dividend was Monday, August 26th. This represents a $0.95 annualized dividend and a dividend yield of ∞. Sleep Country Canada’s dividend payout ratio is 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.