Sleep Country Canada (ZZZ) PT Lowered to C$19.00

Sleep Country Canada (TSE:ZZZ) had its target price trimmed by TD Securities from C$23.00 to C$19.00 in a research report released on Wednesday, May 8th, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other analysts have also weighed in on the company. Raymond James restated an outperform rating and issued a C$30.00 price objective on shares of Sleep Country Canada in a report on Monday, April 29th. Royal Bank of Canada cut their price objective on Sleep Country Canada from C$27.00 to C$23.00 and set an outperform rating for the company in a report on Friday, April 26th. National Bank Financial reduced their target price on Sleep Country Canada from C$24.00 to C$22.00 and set a sector perform rating for the company in a report on Wednesday, May 1st. CIBC reduced their target price on Sleep Country Canada from C$25.00 to C$21.00 and set a hold rating for the company in a report on Thursday, February 28th. Finally, BMO Capital Markets reduced their target price on Sleep Country Canada from C$25.00 to C$21.00 in a report on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of C$24.19.

Shares of TSE:ZZZ traded down C$0.61 on Wednesday, hitting C$18.11. The company’s stock had a trading volume of 70,065 shares, compared to its average volume of 128,127. Sleep Country Canada has a 12 month low of C$16.01 and a 12 month high of C$35.13. The stock has a market cap of $710.99 million and a price-to-earnings ratio of 11.91. The company has a debt-to-equity ratio of 167.76, a quick ratio of 0.29 and a current ratio of 1.03.

Sleep Country Canada (TSE:ZZZ) last released its quarterly earnings results on Tuesday, February 26th. The company reported C$0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.42 by C($0.02). The firm had revenue of C$160.10 million during the quarter, compared to the consensus estimate of C$162.90 million. On average, equities research analysts predict that Sleep Country Canada will post 1.7999999 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 31st will be issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 4.31%. This is an increase from Sleep Country Canada’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, May 17th. Sleep Country Canada’s dividend payout ratio is currently 48.68%.

About Sleep Country Canada

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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