Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$30.79.

Several research firms have issued reports on ZZZ. BMO Capital Markets cut their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research report on Thursday, May 9th. TD Securities dropped their price target on 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. Royal Bank of Canada raised their price target on Sleep Country Canada from C$24.00 to C$28.00 and gave the company a "sector perform" rating in a research report on Friday, March 8th. Stifel Nicolaus dropped their price target on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday, May 9th. Finally, National Bankshares dropped their price target on Sleep Country Canada from C$31.00 to C$30.00 in a research report on Thursday, May 9th.

Sleep Country Canada Stock Down 1.4 %

Shares of ZZZ stock traded down C$0.39 during trading hours on Friday, reaching C$26.81. 44,412 shares of the stock were exchanged, compared to its average volume of 62,853. The business's fifty day moving average is C$26.89 and its two-hundred day moving average is C$26.92. The company has a debt-to-equity ratio of 113.24, a current ratio of 0.98 and a quick ratio of 0.35. Sleep Country Canada has a 12-month low of C$21.31 and a 12-month high of C$30.50. The firm has a market capitalization of C$908.59 million, a P/E ratio of 13.54, a P/E/G ratio of 0.39 and a beta of 1.61.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$0.28 earnings per share for the quarter, missing the consensus estimate of C$0.34 by C($0.06). The firm had revenue of C$209.72 million during the quarter, compared to analyst estimates of C$213.75 million. Sleep Country Canada had a net margin of 7.31% and a return on equity of 15.69%. As a group, research analysts expect that Sleep Country Canada will post 2.0810167 EPS for the current fiscal year.

Sleep Country Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.95 annualized dividend and a dividend yield of 3.54%. Sleep Country Canada's payout ratio is currently 47.98%.

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.