Sleep Country Canada (TSE:ZZZ) Price Target Lowered to C$33.00 at TD Securities

Sleep Country Canada (TSE:ZZZ) had its price objective cut by TD Securities from C$34.00 to C$33.00 in a report issued on Monday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. Stifel Nicolaus boosted their price target on Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. ATB Capital upped their target price on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a buy rating in a research report on Friday, March 8th. BMO Capital Markets raised their price target on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an outperform rating in a research report on Friday, March 8th. CIBC downgraded shares of Sleep Country Canada from an outperform rating to a neutral rating and upped their price objective for the company from C$27.00 to C$32.00 in a report on Friday, March 8th. Finally, Royal Bank of Canada raised their target price on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a sector perform rating in a report on Friday, March 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of C$32.29.

Sleep Country Canada Stock Performance

Shares of Sleep Country Canada stock opened at C$28.02 on Monday. The company has a 50 day moving average price of C$28.67 and a 200 day moving average price of C$26.08. The firm has a market capitalization of C$939.51 million, a P/E ratio of 13.74, a PEG ratio of 0.39 and a beta of 1.59. The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 113.72. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.55 by C$0.01. The business had revenue of C$255.60 million during the quarter, compared to analysts’ expectations of C$247.85 million. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. Sell-side analysts expect that Sleep Country Canada will post 2.3695652 EPS for the current year.

Sleep Country Canada Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 29th were paid a $0.237 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is currently 46.57%.

Insider Buying and Selling

In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total value of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$29.22, for a total value of C$146,100.00. 1.62% of the stock is currently owned by insiders.

About Sleep Country Canada

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.