Sleep Country Canada (TSE:ZZZ) Rating Lowered to Hold at Stifel Canada

Stifel Canada downgraded shares of Sleep Country Canada (TSE:ZZZ) from a strong-buy rating to a hold rating in a report published on Monday morning, Zacks.com reports.

Other equities analysts have also issued research reports about the company. National Bankshares lowered Sleep Country Canada from a sector perform rating to a tender rating and set a C$35.00 price objective for the company. in a research note on Tuesday. 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. Royal Bank of Canada boosted their target price on Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a sector perform rating in a research report on Tuesday. BMO Capital Markets downgraded Sleep Country Canada from an outperform rating to a market perform rating and boosted their target price for the stock from C$32.00 to C$35.00 in a research report on Tuesday. Finally, TD Securities downgraded Sleep Country Canada from a buy rating to a sell rating and boosted their target price for the stock from C$33.00 to C$35.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of C$33.79.

Sleep Country Canada Stock Down 0.0 %

ZZZ stock opened at C$34.87 on Monday. Sleep Country Canada has a 1-year low of C$21.31 and a 1-year high of C$35.16. The business has a fifty day moving average price of C$26.88 and a 200-day moving average price of C$27.34. The company has a debt-to-equity ratio of 113.24, a current ratio of 0.98 and a quick ratio of 0.35. The stock has a market capitalization of C$1.18 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.39 and a beta of 1.61.

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

Sleep Country Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were given a $0.237 dividend. The ex-dividend date was Wednesday, May 22nd. This represents a $0.95 annualized dividend and a yield of 2.72%. Sleep Country Canada’s payout ratio is 47.98%.

Sleep Country Canada Company Profile

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.