Sleep Country Canada (TSE:ZZZ) Lowered to Sell at TD Securities

TD Securities cut shares of Sleep Country Canada (TSE:ZZZ) from a buy rating to a sell rating in a report released on Tuesday, Marketbeat.com reports. The brokerage currently has C$35.00 price objective on the stock, up from their prior price objective of C$33.00.

Several other equities analysts also recently commented on ZZZ. CIBC dropped their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday, May 9th. National Bankshares reduced their price objective on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday, May 9th. Stifel Nicolaus decreased their price objective on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday, May 9th. Finally, BMO Capital Markets dropped their target price on Sleep Country Canada from C$35.00 to C$32.00 in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of C$33.79.

Sleep Country Canada Trading Up 0.4 %

Sleep Country Canada stock opened at C$35.02 on Tuesday. Sleep Country Canada has a one year low of C$21.31 and a one year high of C$35.16. The business’s fifty day moving average is C$27.06 and its 200 day moving average is C$27.41. The stock has a market capitalization of C$1.19 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 0.39 and a beta of 1.61. The company has a debt-to-equity ratio of 113.24, a current ratio of 0.98 and a quick ratio of 0.35.

Sleep Country Canada (TSE:ZZZ) last issued its quarterly earnings data on Tuesday, May 7th. The company reported C$0.28 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.06). The company had revenue of C$209.72 million for the quarter, compared to the consensus estimate of C$213.75 million. Sleep Country Canada had a net margin of 7.31% and a return on equity of 15.69%. On average, sell-side analysts predict that Sleep Country Canada will post 2.0810167 EPS for the current year.

Sleep Country Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.71%. Sleep Country Canada’s payout ratio is 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.