Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ – Get Free Report) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$33.79.
Several research firms have recently weighed in on ZZZ. Stifel Canada lowered shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 22nd. BMO Capital Markets lowered shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$32.00 to C$35.00 in a research note on Tuesday, July 23rd. National Bankshares lowered shares of Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 price target for the company. in a research note on Tuesday, July 23rd. Royal Bank of Canada upped their target price on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus lowered shares of Sleep Country Canada from a “buy” rating to a “hold” rating and upped their target price for the stock from C$31.00 to C$35.00 in a research note on Tuesday, July 23rd.
Check Out Our Latest Research Report on ZZZ
Sleep Country Canada Price Performance
Sleep Country Canada (TSE:ZZZ – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.54 earnings per share for the quarter, beating the consensus estimate of C$0.36 by C$0.18. The company had revenue of C$232.49 million during the quarter, compared to analyst estimates of C$225.21 million. Sleep Country Canada had a net margin of 7.52% and a return on equity of 16.19%.
Sleep Country Canada Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 30th were issued a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Monday, August 26th. Sleep Country Canada’s dividend payout ratio (DPR) is currently 45.67%.
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.
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