Royal Bank of Canada Raises Sleep Country Canada (TSE:ZZZ) Price Target to C$34.00

Sleep Country Canada (TSE:ZZZGet Rating) had its price target raised by Royal Bank of Canada from C$32.00 to C$34.00 in a report released on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other analysts also recently issued reports on ZZZ. Scotiabank increased their price target on shares of Sleep Country Canada from C$46.00 to C$47.00 in a report on Sunday, May 8th. CIBC reduced their price objective on shares of Sleep Country Canada from C$37.00 to C$35.00 and set an outperform rating for the company in a research report on Tuesday, July 19th. National Bankshares increased their target price on shares of Sleep Country Canada from C$33.00 to C$37.00 and gave the company a sector perform rating in a research report on Friday, May 6th. Stifel Nicolaus cut their price objective on shares of Sleep Country Canada from C$46.00 to C$42.00 in a research report on Friday, May 6th. Finally, BMO Capital Markets lowered their target price on shares of Sleep Country Canada from C$37.00 to C$35.00 in a research note on Thursday, July 21st.

Sleep Country Canada Trading Up 1.7 %

TSE ZZZ opened at C$28.80 on Tuesday. The company has a debt-to-equity ratio of 95.89, a quick ratio of 0.33 and a current ratio of 0.96. The company has a market capitalization of C$1.04 billion and a price-to-earnings ratio of 10.32. The company’s 50-day simple moving average is C$26.29 and its two-hundred day simple moving average is C$28.41. Sleep Country Canada has a one year low of C$23.54 and a one year high of C$41.97.

Sleep Country Canada (TSE:ZZZGet Rating) last released its earnings results on Wednesday, May 4th. The company reported C$0.56 EPS for the quarter, topping analysts’ consensus estimates of C$0.34 by C$0.22. The company had revenue of C$207.03 million during the quarter, compared to analyst estimates of C$199.74 million. Equities analysts forecast that Sleep Country Canada will post 3.379454 EPS for the current fiscal year.

Sleep Country Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Monday, August 29th will be given a dividend of $0.215 per share. The ex-dividend date is Thursday, August 18th. This represents a $0.86 annualized dividend and a dividend yield of 2.99%. Sleep Country Canada’s payout ratio is currently 28.67%.

Insider Buying and Selling

In other news, Senior Officer Dave Howcroft bought 1,872 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The stock was purchased at an average price of C$26.70 per share, with a total value of C$49,982.40. Following the purchase, the insider now owns 15,169 shares of the company’s stock, valued at approximately C$405,012.30.

Sleep Country Canada Company Profile

(Get Rating)

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

See Also

Receive News & Ratings for Sleep Country Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Country Canada and related companies with MarketBeat.com's FREE daily email newsletter.