Sleep Country Canada (TSE:ZZZ) Price Target Lowered to C$31.00 at BMO Capital Markets

Sleep Country Canada (TSE:ZZZGet Rating) had its price objective decreased by BMO Capital Markets from C$36.00 to C$31.00 in a research note published on Tuesday morning, BayStreet.CA reports.

ZZZ has been the subject of several other reports. Royal Bank of Canada lowered 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 research note on Tuesday, November 1st. National Bankshares lowered their target price on shares of Sleep Country Canada from C$37.00 to C$35.00 in a research note on Thursday, October 13th. TD Securities lowered 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 research note on Tuesday, October 11th. CIBC lowered their target price on shares of Sleep Country Canada from C$35.00 to C$29.00 and set an outperform rating for the company in a research note on Thursday, October 6th. Finally, Stifel Nicolaus lowered their target price on shares of Sleep Country Canada from C$33.00 to C$28.00 in a research note on Tuesday.

Sleep Country Canada Trading Up 1.4 %

Shares of ZZZ opened at C$21.23 on Tuesday. The company has a debt-to-equity ratio of 95.89, a current ratio of 0.96 and a quick ratio of 0.33. The firm has a 50 day simple moving average of C$23.76 and a 200-day simple moving average of C$25.64. Sleep Country Canada has a 1-year low of C$19.66 and a 1-year high of C$41.97. The stock has a market cap of C$760.31 million and a price-to-earnings ratio of 7.61.

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

Sleep Country Canada Announces Dividend

The business 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 dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.05%. Sleep Country Canada’s dividend payout ratio is presently 28.67%.

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.

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