Sleep Country Canada (TSE:ZZZ) Price Target Increased to C$28.00 by Analysts at National Bankshares

Sleep Country Canada (TSE:ZZZFree Report) had its price objective raised by National Bankshares from C$27.00 to C$28.00 in a research report report published on Tuesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other brokerages also recently issued reports on ZZZ. Royal Bank of Canada reduced their price objective on Sleep Country Canada from C$27.00 to C$24.00 and set a sector perform rating for the company in a research note on Wednesday, November 15th. BMO Capital Markets reduced their price objective on Sleep Country Canada from C$32.00 to C$28.00 and set an outperform rating for the company in a research note on Monday, November 13th. Finally, CIBC reduced their price objective on Sleep Country Canada from C$28.00 to C$27.00 and set an outperform rating for the company in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from, the company currently has a consensus rating of Moderate Buy and an average target price of C$27.33.

View Our Latest Research Report on ZZZ

Sleep Country Canada Trading Up 0.3 %

Shares of TSE ZZZ opened at C$26.38 on Tuesday. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month high of C$29.29. The company has a market cap of C$913.80 million, a price-to-earnings ratio of 10.51, a P/E/G ratio of 0.39 and a beta of 1.52. The company has a quick ratio of 0.35, a current ratio of 0.90 and a debt-to-equity ratio of 102.62. The business has a fifty day simple moving average of C$25.42 and a 200-day simple moving average of C$24.44.

Sleep Country Canada (TSE:ZZZGet Free Report) last announced its quarterly earnings data on Thursday, November 9th. The company reported C$0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.71 by C$0.05. The firm had revenue of C$255.75 million during the quarter, compared to the consensus estimate of C$248.90 million. Sleep Country Canada had a return on equity of 20.80% and a net margin of 9.69%. Sell-side analysts predict that Sleep Country Canada will post 2.4504171 EPS for the current year.

Sleep Country Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 37.85%.

Insider Transactions at Sleep Country Canada

In other news, Senior Officer Dave Howcroft sold 19,583 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$25.59, for a total transaction of C$501,128.97. Company insiders own 1.68% of the company’s stock.

Sleep Country Canada Company Profile

(Get Free Report)

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, blankets, mattress pads, and other sleep accessories.

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