Sleep Country Canada (TSE:ZZZ) PT Lowered to C$33.00

Sleep Country Canada (TSE:ZZZ) had its target price lowered by equities researchers at TD Securities from C$34.00 to C$33.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 18.07% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. CIBC cut shares of Sleep Country Canada from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from C$27.00 to C$32.00 in a research note on Friday, March 8th. BMO Capital Markets boosted their price objective on shares of Sleep Country Canada from C$28.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Royal Bank of Canada upped their price target on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Friday, March 8th. Finally, ATB Capital upped their price target on shares of Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research report on Friday, March 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$32.29.

Sleep Country Canada Price Performance

Shares of TSE:ZZZ traded up C$0.16 during trading on Monday, hitting C$27.95. 6,732 shares of the company were exchanged, compared to its average volume of 62,861. The business’s 50 day moving average is C$28.67 and its 200-day moving average is C$26.04. The company has a market capitalization of C$937.16 million, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.39 and a beta of 1.59. The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 113.72. Sleep Country Canada has a 1-year low of C$21.31 and a 1-year high of C$30.50.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.55 by C$0.01. The company had revenue of C$255.60 million during the quarter, compared to the consensus estimate of C$247.85 million. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. Equities analysts forecast that Sleep Country Canada will post 2.3695652 earnings per share for the current year.

Insider Buying and Selling at Sleep Country Canada

In other Sleep Country Canada news, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total transaction of C$260,003.22. In other news, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. Also, Senior Officer Stewart Schaefer sold 5,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. Insiders own 1.62% of the company’s stock.

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.