Sleep Country Canada (TSE:ZZZ – Free Report) had its target price boosted by Royal Bank of Canada from C$30.00 to C$35.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.
ZZZ has been the topic of several other reports. Stifel Nicolaus lowered shares of 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 note on Tuesday. 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 for the company. in a research note on Tuesday. BMO Capital Markets lowered their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday, May 9th. TD Securities downgraded shares of Sleep Country Canada from a buy rating to a sell rating and boosted their price objective for the stock from C$33.00 to C$35.00 in a report on Tuesday. Finally, CIBC decreased their price objective on Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of C$33.79.
Check Out Our Latest Stock Report on Sleep Country Canada
Sleep Country Canada Trading Down 0.0 %
Sleep Country Canada (TSE:ZZZ – Get Free Report) last issued 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 business had revenue of C$209.72 million for the quarter, compared to analysts’ expectations of C$213.75 million. On average, sell-side analysts anticipate that Sleep Country Canada will post 2.0810167 earnings per share for the current fiscal year.
Sleep Country Canada Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Shareholders 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 annualized dividend and a yield of 2.72%. Sleep Country Canada’s dividend payout ratio is currently 47.98%.
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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