Stifel Nicolaus Lowers Sleep Country Canada (TSE:ZZZ) Price Target to C$38.00

Sleep Country Canada (TSE:ZZZGet Rating) had its target price lowered by Stifel Nicolaus from C$42.00 to C$38.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Several other brokerages have also recently weighed in on ZZZ. CIBC lowered their price objective on shares of Sleep Country Canada from C$37.00 to C$35.00 and set an outperform rating on the stock in a research note on Tuesday, July 19th. BMO Capital Markets decreased their target price on shares of Sleep Country Canada from C$37.00 to C$35.00 in a research note on Thursday, July 21st. Scotiabank raised their target price on shares of Sleep Country Canada from C$46.00 to C$47.00 in a research note on Sunday, May 8th. TD Securities raised their target price on shares of Sleep Country Canada from C$34.00 to C$39.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Royal Bank of Canada raised their target price on shares of Sleep Country Canada from C$32.00 to C$34.00 and gave the stock a sector perform rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Sleep Country Canada has a consensus rating of Moderate Buy and an average price target of C$38.00.

Sleep Country Canada Price Performance

Shares of TSE:ZZZ opened at C$29.20 on Tuesday. The firm’s 50 day moving average price is C$26.15 and its 200-day moving average price is C$28.55. Sleep Country Canada has a twelve month low of C$23.54 and a twelve month high of C$41.97. The company has a quick ratio of 0.32, a current ratio of 1.03 and a debt-to-equity ratio of 93.84. The stock has a market capitalization of C$1.08 billion and a PE ratio of 11.06.

Sleep Country Canada (TSE:ZZZGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported C$0.56 earnings per share for the quarter, topping the consensus estimate of C$0.34 by C$0.22. The business had revenue of C$207.03 million during the quarter, compared to the consensus estimate of C$199.74 million. Equities research analysts expect that Sleep Country Canada will post 3.3300002 EPS for the current year.

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Monday, August 29th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, August 18th. Sleep Country Canada’s payout ratio is currently 30.30%.

Insider Activity

In related news, Senior Officer Dave Howcroft acquired 1,872 shares of Sleep Country Canada stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of C$26.70 per share, for a total transaction of C$49,982.40. Following the completion of the transaction, the insider now directly owns 15,169 shares in the company, valued at approximately C$405,012.30.

About Sleep Country Canada

(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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