Sleep Country Canada (TSE:ZZZ) Price Target Increased to C$34.00 by Analysts at Royal Bank of Canada

Sleep Country Canada (TSE:ZZZ – Get Rating) had its price objective increased by Royal Bank of Canada from C$32.00 to C$34.00 in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

ZZZ has been the subject of a number of other reports. Stifel Nicolaus reduced their price target on shares of Sleep Country Canada from C$46.00 to C$42.00 in a report on Friday, May 6th. CIBC reduced their price target on shares of Sleep Country Canada from C$37.00 to C$35.00 and set an outperform rating for the company in a report on Tuesday, July 19th. Scotiabank lifted their price objective on shares of Sleep Country Canada from C$46.00 to C$47.00 in a report on Sunday, May 8th. National Bankshares lifted their price objective on shares of Sleep Country Canada from C$33.00 to C$37.00 and gave the company a sector perform rating in a report on Friday, May 6th. Finally, BMO Capital Markets reduced their price objective on shares of Sleep Country Canada from C$37.00 to C$35.00 in a report on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$38.00.

Sleep Country Canada Price Performance

ZZZ stock opened at C$29.20 on Tuesday. The company has a fifty day moving average price of C$26.15 and a 200-day moving average price of C$28.55. The company has a market capitalization of C$1.08 billion and a P/E ratio of 11.06. Sleep Country Canada has a 52-week low of C$23.54 and a 52-week high of C$41.97. 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 (TSE:ZZZ – Get Rating) last announced its earnings results on Wednesday, May 4th. The company reported C$0.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.22. The firm had revenue of C$207.03 million for the quarter, compared to the consensus estimate of C$199.74 million. As a group, equities analysts expect that Sleep Country Canada will post 3.3300002 EPS for the current year.

Sleep Country Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Monday, August 29th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, August 18th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 30.30%.

Insider Buying and Selling

In other news, Senior Officer Dave Howcroft purchased 1,872 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were acquired at an average cost of C$26.70 per share, for a total transaction of C$49,982.40. Following the completion of the acquisition, the insider now owns 15,169 shares in the company, valued at C$405,012.30.

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.