TD Securities cut shares of Sleep Country Canada (TSE:ZZZ – Free Report) 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.
View Our Latest Stock Report on Sleep Country Canada
Sleep Country Canada Trading Up 0.4 %
Sleep Country Canada (TSE:ZZZ – Get Free Report) 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.
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