Sleep Country Canada (ZZZ) Price Target Lowered to C$32.00 at TD Securities

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Sleep Country Canada (TSE:ZZZ) had its price objective decreased by TD Securities from C$36.00 to C$32.00 in a report released on Friday. TD Securities currently has a hold rating on the stock.

Several other research firms have also weighed in on ZZZ. CIBC reduced their price objective on Sleep Country Canada from C$40.00 to C$37.00 in a research note on Tuesday, August 7th. National Bank Financial cut their price target on Sleep Country Canada from C$39.00 to C$37.00 and set an outperform rating on the stock in a research note on Monday, July 30th. Royal Bank of Canada cut their price target on Sleep Country Canada from C$46.00 to C$43.00 and set an outperform rating on the stock in a research note on Tuesday, August 7th. Finally, BMO Capital Markets cut their price target on Sleep Country Canada from C$42.00 to C$39.00 and set an outperform rating on the stock in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Sleep Country Canada presently has a consensus rating of Buy and a consensus target price of C$38.50.

TSE:ZZZ traded down C$0.01 during trading hours on Friday, hitting C$27.01. The company’s stock had a trading volume of 102,900 shares, compared to its average volume of 115,318. Sleep Country Canada has a twelve month low of C$26.50 and a twelve month high of C$39.22.

Sleep Country Canada (TSE:ZZZ) last released its quarterly earnings data on Thursday, August 2nd. The company reported C$0.36 earnings per share for the quarter, beating the consensus estimate of C$0.33 by C$0.03. The business had revenue of C$143.69 million for the quarter, compared to analyst estimates of C$144.39 million. Sleep Country Canada had a return on equity of 32.40% and a net margin of 12.88%.

In other news, insider Dave Howcroft sold 2,608 shares of Sleep Country Canada stock in a transaction dated Friday, August 10th. The stock was sold at an average price of C$31.50, for a total transaction of C$82,152.00.

About Sleep Country Canada

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding related products. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, sheets, headboards, frames, mattress protectors, pillow protectors, and other sleep accessories. The company operates under the Dormez-vous and Sleep Country Canada retail banners.

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Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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