Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ – Get Free Report) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One equities 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 1-year price target among brokers that have updated their coverage on the stock in the last year is C$33.79.
A number of brokerages have recently weighed in on ZZZ. Stifel Canada cut Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 22nd. Stifel Nicolaus lowered Sleep Country Canada from a “buy” rating to a “hold” rating and increased their target price for the stock from C$31.00 to C$35.00 in a research report on Tuesday, July 23rd. National Bankshares downgraded 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 report on Tuesday, July 23rd. Royal Bank of Canada increased their price objective on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 23rd. Finally, TD Securities lowered shares of Sleep Country Canada from a “buy” rating to a “sell” rating and boosted their target price for the company from C$33.00 to C$35.00 in a research note on Tuesday, July 23rd.
Read Our Latest Research Report on ZZZ
Sleep Country Canada Stock 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, topping the consensus estimate of C$0.36 by C$0.18. Sleep Country Canada had a net margin of 7.52% and a return on equity of 16.19%. The firm had revenue of C$232.49 million for the quarter, compared to analyst estimates of C$225.21 million.
Sleep Country Canada Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.237 per share. This represents a $0.95 annualized dividend 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 presently 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.
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