Sleep Country Canada (TSE:ZZZ – Get Free Report) had its price target dropped by investment analysts at TD Securities from C$34.00 to C$33.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 18.07% from the company’s previous close.
Several other equities research analysts have also recently issued reports on ZZZ. Stifel Nicolaus lifted their price objective on shares of Sleep Country Canada from C$28.00 to C$33.50 in a research report on Friday, March 8th. CIBC lowered shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$27.00 to C$32.00 in a report on Friday, March 8th. BMO Capital Markets raised their target price on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday, March 8th. National Bankshares raised their target price on shares of Sleep Country Canada from C$28.00 to C$31.00 and gave the company a “sector perform” rating in a report on Friday, March 8th. Finally, Royal Bank of Canada raised their target price on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$32.29.
Get Our Latest Report on Sleep Country Canada
Sleep Country Canada Price Performance
Sleep Country Canada (TSE:ZZZ – Get Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Sleep Country Canada will post 2.3695652 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of Sleep Country Canada stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. In other news, Senior Officer Stewart Schaefer sold 5,000 shares of the business’s stock in a transaction 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. Also, 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 transaction of C$260,003.22. 1.62% of the stock is owned by insiders.
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.
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