Sleep Country Canada (TSE:ZZZ) Price Target Increased to C$29.00 by Analysts at CIBC

Sleep Country Canada (TSE:ZZZ – Get Rating) had its price objective hoisted by CIBC from C$26.50 to C$29.00 in a report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Sleep Country Canada from C$26.00 to C$27.00 and gave the company a sector perform rating in a research note on Friday. TD Securities dropped their price target on shares of Sleep Country Canada from C$33.00 to C$30.00 and set a buy rating on the stock in a research report on Tuesday, November 8th. National Bankshares boosted their price target on shares of Sleep Country Canada from C$28.00 to C$29.00 and gave the stock a sector perform rating in a research report on Monday. Stifel Nicolaus boosted their price target on shares of Sleep Country Canada from C$28.00 to C$30.00 in a research report on Monday. Finally, BMO Capital Markets boosted their price target on shares of Sleep Country Canada from C$28.00 to C$34.00 in a research report on Monday.

Sleep Country Canada Trading Up 0.8 %

TSE ZZZ opened at C$25.35 on Monday. The company has a debt-to-equity ratio of 98.28, a quick ratio of 0.35 and a current ratio of 1.05. The company has a 50-day simple moving average of C$24.66 and a 200-day simple moving average of C$23.95. The firm has a market capitalization of C$907.78 million, a PE ratio of 9.32, a price-to-earnings-growth ratio of 0.39 and a beta of 1.55. Sleep Country Canada has a one year low of C$19.66 and a one year high of C$31.28.

Sleep Country Canada (TSE:ZZZ – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported C$0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.01). The firm had revenue of C$243.03 million for the quarter, compared to analyst estimates of C$237.35 million. Sleep Country Canada had a net margin of 11.92% and a return on equity of 26.67%. On average, equities analysts forecast that Sleep Country Canada will post 2.7565789 earnings per share for the current year.

Sleep Country Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 17th were issued a $0.215 dividend. The ex-dividend date of this dividend was Thursday, February 16th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.39%. Sleep Country Canada’s payout ratio is currently 31.62%.

Sleep Country Canada Company Profile

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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.