Sleep Country Canada (TSE:ZZZ) Cut to Tender at National Bankshares

National Bankshares downgraded shares of Sleep Country Canada (TSE:ZZZ) from a sector perform rating to a tender rating in a research note published on Tuesday morning, BayStreet.CA reports. They currently have C$35.00 price objective on the stock.

Several other research firms also recently commented on ZZZ. BMO Capital Markets dropped their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday, May 9th. Stifel Nicolaus cut Sleep Country Canada from a buy rating to a hold rating and upped their price target for the company from C$31.00 to C$35.00 in a research report on Tuesday. CIBC decreased their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday, May 9th. Finally, TD Securities cut Sleep Country Canada from a buy rating to a sell rating and boosted their price objective for the company from C$33.00 to C$35.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Sleep Country Canada currently has an average rating of Hold and an average target price of C$33.79.

Sleep Country Canada Trading Up 0.4 %

Shares of Sleep Country Canada stock opened at C$35.02 on Tuesday. The firm has a market cap of C$1.19 billion, a PE ratio of 17.69, a P/E/G ratio of 0.39 and a beta of 1.61. Sleep Country Canada has a 1 year low of C$21.31 and a 1 year high of C$35.16. 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 fifty day moving average price of C$27.06 and a 200-day moving average price of C$27.41.

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

Sleep Country Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.95 dividend on an annualized basis and a yield of 2.71%. Sleep Country Canada’s dividend payout ratio (DPR) 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.