Brokerages Set Sleep Country Canada Holdings Inc. (TSE:ZZZ) Price Target at C$30.79

Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$30.79.

Several equities analysts have weighed in on ZZZ shares. TD Securities lowered their target price on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. BMO Capital Markets lowered their price objective on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research report on Thursday, May 9th. CIBC cut their target price on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday, May 9th. National Bankshares lowered their price target on shares of Sleep Country Canada from C$31.00 to C$30.00 in a report on Thursday, May 9th. Finally, Stifel Nicolaus dropped their price target on shares of Sleep Country Canada from C$33.50 to C$31.00 in a research note on Thursday, May 9th.

Sleep Country Canada Trading Up 3.4 %

Sleep Country Canada stock opened at C$26.38 on Thursday. Sleep Country Canada has a 52 week low of C$21.31 and a 52 week high of C$30.50. The company has a debt-to-equity ratio of 113.24, a quick ratio of 0.35 and a current ratio of 0.98. The firm has a market capitalization of C$894.02 million, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.39 and a beta of 1.61. The company has a 50 day moving average price of C$26.18 and a 200 day moving average price of C$27.04.

Sleep Country Canada (TSE:ZZZ) last issued its earnings results on Tuesday, May 7th. The company reported C$0.28 EPS for the quarter, missing the consensus estimate of C$0.34 by C($0.06). Sleep Country Canada had a return on equity of 15.69% and a net margin of 7.31%. The business had revenue of C$209.72 million during the quarter, compared to analyst estimates of C$213.75 million. Research analysts forecast that Sleep Country Canada will post 2.0810167 EPS for the current year.

Sleep Country Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 30th were paid a dividend of $0.237 per share. The ex-dividend date was Wednesday, May 22nd. This represents a $0.95 annualized dividend and a dividend yield of 3.59%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 47.98%.

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.