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

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

Other research analysts have also recently issued reports about the stock. CIBC reduced their price objective on shares of Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday, May 9th. National Bankshares dropped their price target on shares of Sleep Country Canada from C$31.00 to C$30.00 in a research report on Thursday, May 9th. BMO Capital Markets dropped their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research report on Thursday, May 9th. Finally, Stifel Nicolaus cut their price objective on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Sleep Country Canada currently has a consensus rating of Hold and a consensus price target of C$33.79.

Sleep Country Canada Trading Down 0.0 %

TSE:ZZZ opened at C$34.87 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.35 and a debt-to-equity ratio of 113.24. The stock has a market capitalization of C$1.18 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 0.39 and a beta of 1.61. The firm has a fifty day simple moving average of C$26.88 and a two-hundred day simple moving average of C$27.34. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month high of C$35.16.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings results 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). The company had revenue of C$209.72 million during the quarter, compared to analyst estimates of C$213.75 million. Sleep Country Canada had a return on equity of 15.69% and a net margin of 7.31%. Analysts expect that Sleep Country Canada will post 2.0810167 EPS for the current fiscal 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 given a $0.237 dividend. This represents a $0.95 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Wednesday, May 22nd. 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.