Stifel Canada downgraded shares of Sleep Country Canada (TSE:ZZZ – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday morning, Zacks.com reports.
Several other research analysts also recently commented on ZZZ. National Bankshares downgraded shares of Sleep Country Canada from a sector perform rating to a tender rating and set a C$35.00 target price on the stock. in a research note on Tuesday. TD Securities downgraded shares of 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 report on Tuesday. BMO Capital Markets downgraded shares of Sleep Country Canada from an outperform rating to a market perform rating and boosted their price objective for the company from C$32.00 to C$35.00 in a research report on Tuesday. Stifel Nicolaus downgraded shares of Sleep Country Canada from a buy rating to a hold rating and boosted their price objective for the company from C$31.00 to C$35.00 in a research report on Tuesday. Finally, Royal Bank of Canada boosted their price objective on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the company a sector perform rating in a research report on Tuesday. One investment 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’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$33.79.
Get Our Latest Analysis on ZZZ
Sleep Country Canada Trading Down 0.0 %
Sleep Country Canada (TSE:ZZZ – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported C$0.28 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$213.75 million. Equities analysts expect that Sleep Country Canada will post 2.0810167 earnings per share for the current year.
Sleep Country Canada Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 30th were paid a $0.237 dividend. This represents a $0.95 annualized dividend and a yield of 2.72%. The ex-dividend date was Wednesday, May 22nd. Sleep Country Canada’s dividend payout ratio is currently 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.
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