Sleep Country Canada (TSE:ZZZ) Price Target Increased to C$26.50 by Analysts at CIBC

Sleep Country Canada (TSE:ZZZGet Rating) had its target price boosted by CIBC from C$24.00 to C$26.50 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently commented on the stock. National Bankshares cut their target price on shares of Sleep Country Canada from C$35.00 to C$28.00 and set a sector perform rating for the company in a research note on Tuesday, November 8th. TD Securities reduced their target price on shares of Sleep Country Canada from C$33.00 to C$30.00 and set a buy rating for the company in a research note on Tuesday, November 8th. Royal Bank of Canada decreased their target price on Sleep Country Canada from C$28.00 to C$26.00 and set a sector perform rating on the stock in a research report on Tuesday, November 8th. Stifel Nicolaus cut their price target on Sleep Country Canada from C$33.00 to C$28.00 in a report on Tuesday, November 8th. Finally, BMO Capital Markets decreased their price objective on Sleep Country Canada from C$36.00 to C$31.00 in a report on Tuesday, November 8th.

Sleep Country Canada Trading Up 1.9 %

Sleep Country Canada stock opened at C$25.26 on Monday. Sleep Country Canada has a 52 week low of C$19.66 and a 52 week high of C$36.72. The company has a debt-to-equity ratio of 87.86, a quick ratio of 0.35 and a current ratio of 0.92. The firm has a market capitalization of C$904.64 million and a PE ratio of 9.72. The business’s 50-day simple moving average is C$23.06 and its 200-day simple moving average is C$24.56.

Sleep Country Canada (TSE:ZZZGet Rating) last released its earnings results on Friday, November 4th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.99 by C($0.10). The business had revenue of C$251.03 million during the quarter, compared to analysts’ expectations of C$261.40 million. Equities research analysts forecast that Sleep Country Canada will post 2.6500004 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st were paid a $0.215 dividend. The ex-dividend date was Friday, November 18th. This represents a $0.86 annualized dividend and a dividend yield of 3.40%. Sleep Country Canada’s dividend payout ratio is currently 31.54%.

Sleep Country Canada Company Profile

(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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