Sleep Country Canada Holdings Inc. (TSE:ZZZ) Receives Consensus Rating of “Hold” from Brokerages

Sleep Country Canada Holdings Inc. (TSE:ZZZ) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$33.79.

Several equities analysts have issued reports on the stock. Stifel Nicolaus cut shares of Sleep Country Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$31.00 to C$35.00 in a research note on Tuesday, July 23rd. National Bankshares cut Sleep Country Canada from a “sector perform” rating to a “tender” rating and set a C$35.00 price target on the stock. in a report on Tuesday, July 23rd. TD Securities lowered Sleep Country Canada from a “buy” rating to a “sell” rating and raised their price objective for the company from C$33.00 to C$35.00 in a research report on Tuesday, July 23rd. Stifel Canada cut shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 22nd. Finally, BMO Capital Markets lowered Sleep Country Canada from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$32.00 to C$35.00 in a report on Tuesday, July 23rd.

Sleep Country Canada Stock Performance

The company has a market capitalization of C$1.19 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 0.39 and a beta of 1.70. The company’s 50 day moving average price is C$34.91 and its 200-day moving average price is C$29.91. Sleep Country Canada has a one year low of C$21.31 and a one year high of C$35.24. The company has a current ratio of 1.05, a quick ratio of 0.35 and a debt-to-equity ratio of 108.35.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.18. The business had revenue of C$232.49 million during the quarter, compared to the consensus estimate of C$225.21 million. Sleep Country Canada had a return on equity of 16.19% and a net margin of 7.52%. As a group, research analysts forecast that Sleep Country Canada will post 2.5888889 EPS for the current fiscal year.

Sleep Country Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 30th were paid a $0.237 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.95 dividend on an annualized basis and a yield of ∞. Sleep Country Canada’s payout ratio is 45.67%.

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.