Sleep Country Canada Holdings Inc. (TSE:ZZZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$32.43.

Several brokerages have weighed in on ZZZ. National Bankshares upped their target price on shares of Sleep Country Canada from C$28.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Friday, March 8th. Royal Bank of Canada lifted their price objective on 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. BMO Capital Markets upped their target price on Sleep Country Canada from C$28.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Stifel Nicolaus lifted their price target on Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. Finally, TD Securities increased their price objective on shares of Sleep Country Canada from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, March 8th.

Insider Buying and Selling at Sleep Country Canada

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

Sleep Country Canada Stock Up 0.3 %

ZZZ opened at C$27.79 on Friday. The business has a 50 day simple moving average of C$28.67 and a 200-day simple moving average of C$25.95. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month high of C$30.50. The stock has a market capitalization of C$931.80 million, a P/E ratio of 13.62, a P/E/G ratio of 0.39 and a beta of 1.59. The company has a debt-to-equity ratio of 113.72, a current ratio of 0.86 and a quick ratio of 0.35.

Sleep Country Canada (TSE:ZZZ) last released its earnings results on Wednesday, March 6th. The company reported C$0.56 EPS for the quarter, beating analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. The company had revenue of C$255.60 million during the quarter, compared to the consensus estimate of C$247.85 million. On average, equities analysts anticipate that Sleep Country Canada will post 2.3695652 earnings per share for the current fiscal year.

Sleep Country Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 29th were given a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is presently 46.57%.

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.