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

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$32.29.

ZZZ has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Royal Bank of Canada increased their target price on shares of 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. National Bankshares boosted their price objective 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. TD Securities decreased their target price on shares of Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, ATB Capital boosted their price objective on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the stock a “buy” rating in a research note on Friday, March 8th.

Sleep Country Canada Stock Up 0.3 %

ZZZ stock opened at C$27.34 on Friday. The company has a market cap of C$916.71 million, a price-to-earnings ratio of 13.36, a PEG ratio of 0.39 and a beta of 1.59. 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 has a 50 day moving average of C$28.65 and a two-hundred day moving average of C$26.13.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. The firm had revenue of C$255.60 million during the quarter, compared to analysts’ expectations of C$247.85 million. On average, equities analysts anticipate that Sleep Country Canada will post 2.3695652 earnings per share for the current fiscal year.

Sleep Country Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were paid a $0.237 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $0.95 annualized dividend and a dividend yield of 3.47%. Sleep Country Canada’s payout ratio is 46.57%.

Insider Activity at Sleep Country Canada

In other news, Senior Officer Craig Depratto sold 8,661 shares of the firm’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. In related news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of C$29.22, for a total value of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of the firm’s stock in a transaction dated 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.