Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives Consensus Rating of “Hold” from Analysts

Sleep Country Canada Holdings Inc. (TSE:ZZZ) has received a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$33.79.

ZZZ has been the topic of several recent research reports. National Bankshares lowered Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 target price on the stock. in a report on Tuesday, July 23rd. TD Securities downgraded Sleep Country Canada from a “buy” rating to a “sell” rating and lifted their target price for the stock from C$33.00 to C$35.00 in a research report on Tuesday, July 23rd. BMO Capital Markets cut shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and increased their price objective for the company from C$32.00 to C$35.00 in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their price target on Sleep Country Canada from C$30.00 to C$35.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 23rd. Finally, Stifel Nicolaus cut shares of Sleep Country Canada from a “buy” rating to a “hold” rating and upped their price objective for the stock from C$31.00 to C$35.00 in a research note on Tuesday, July 23rd.

Sleep Country Canada Price Performance

Sleep Country Canada has a one year low of C$21.31 and a one year high of C$35.24. The company’s 50 day simple moving average is C$34.93 and its 200 day simple moving average is C$30.23. The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.39 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.35 and a debt-to-equity ratio of 108.35.

Sleep Country Canada (TSE:ZZZ) last issued its earnings results on Thursday, August 8th. The company reported C$0.54 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.18. Sleep Country Canada had a return on equity of 16.19% and a net margin of 7.52%. The business had revenue of C$232.49 million during the quarter, compared to analysts’ expectations of C$225.21 million.

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were paid a dividend of $0.237 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Monday, August 26th. Sleep Country Canada’s dividend payout ratio is currently 45.67%.

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.