Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating) have been given a consensus rating of “Hold” by the eight ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$38.13.

Several analysts recently issued reports on ZZZ shares. National Bankshares increased their target price on Sleep Country Canada from C$33.00 to C$37.00 and gave the stock a “sector perform” rating in a research report on Friday, May 6th. Scotiabank increased their target price on Sleep Country Canada from C$46.00 to C$47.00 in a research report on Sunday, May 8th. Stifel Nicolaus cut their target price on Sleep Country Canada from C$46.00 to C$42.00 in a research report on Friday, May 6th. TD Securities upgraded Sleep Country Canada from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$34.00 in a research report on Friday, May 6th. Finally, CIBC cut their target price on Sleep Country Canada from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research report on Friday, May 6th.

Sleep Country Canada stock opened at C$24.54 on Thursday. The stock has a market cap of C$906.83 million and a PE ratio of 9.30. The company has a debt-to-equity ratio of 93.84, a quick ratio of 0.32 and a current ratio of 1.03. Sleep Country Canada has a one year low of C$24.16 and a one year high of C$41.97. The stock has a fifty day moving average of C$26.18 and a 200 day moving average of C$30.83.

Sleep Country Canada (TSE:ZZZGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported C$0.56 EPS for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.22. The company had revenue of C$207.03 million during the quarter, compared to analysts’ expectations of C$199.74 million. As a group, sell-side analysts predict that Sleep Country Canada will post 3.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 30th. Stockholders of record on Monday, May 30th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.50%. This is a positive change from Sleep Country Canada’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, May 19th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 29.55%.

In other Sleep Country Canada news, Senior Officer Dave Howcroft purchased 1,872 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average cost of C$26.70 per share, with a total value of C$49,982.40. Following the purchase, the insider now owns 15,169 shares of the company’s stock, valued at C$405,012.30.

About Sleep Country Canada (Get Rating)

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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