Sleep Country Canada (TSE:ZZZ) Given New C$28.00 Price Target at National Bankshares

Sleep Country Canada (TSE:ZZZGet Rating) had its price objective trimmed by National Bankshares from C$35.00 to C$28.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts have also recently commented on ZZZ. TD Securities dropped their target price on shares of Sleep Country Canada from C$39.00 to C$33.00 and set a buy rating for the company in a report on Tuesday, October 11th. Royal Bank of Canada dropped their target price on shares of Sleep Country Canada from C$34.00 to C$28.00 and set a sector perform rating for the company in a report on Tuesday, November 1st. BMO Capital Markets dropped their target price on shares of Sleep Country Canada from C$36.00 to C$31.00 in a report on Tuesday. Stifel Nicolaus dropped their target price on shares of Sleep Country Canada from C$33.00 to C$28.00 in a report on Tuesday. Finally, CIBC dropped their target price on shares of Sleep Country Canada from C$29.00 to C$24.00 in a report on Tuesday.

Sleep Country Canada Trading Up 1.4 %

ZZZ opened at C$21.23 on Tuesday. Sleep Country Canada has a twelve month low of C$19.66 and a twelve month high of C$41.97. The company has a 50-day simple moving average of C$23.76 and a 200 day simple moving average of C$25.64. The company has a quick ratio of 0.33, a current ratio of 0.96 and a debt-to-equity ratio of 95.89. The stock has a market capitalization of C$760.31 million and a price-to-earnings ratio of 7.61.

Sleep Country Canada (TSE:ZZZGet Rating) last posted its quarterly earnings data on Friday, November 4th. The company reported C$0.89 earnings per share for the quarter, missing the consensus estimate of C$0.99 by C($0.10). The company had revenue of C$251.03 million for the quarter, compared to analyst estimates of C$261.40 million. Analysts predict that Sleep Country Canada will post 3.2200002 EPS for the current fiscal year.

Sleep Country Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Friday, November 18th. Sleep Country Canada’s dividend payout ratio is currently 28.67%.

About Sleep Country Canada

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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.

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