Sleep Country Canada (TSE:ZZZ) PT Raised to C$28.00 at National Bankshares

Sleep Country Canada (TSE:ZZZGet Free Report) had its price objective boosted by equities researchers at National Bankshares from C$27.00 to C$28.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 6.50% from the stock’s previous close.

Several other equities analysts have also weighed in on ZZZ. BMO Capital Markets decreased their target price on shares of Sleep Country Canada from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. CIBC reduced their price target on shares of Sleep Country Canada from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Finally, Royal Bank of Canada reduced their price target on shares of Sleep Country Canada from C$27.00 to C$24.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$27.33.

View Our Latest Report on ZZZ

Sleep Country Canada Stock Down 0.3 %

Shares of TSE ZZZ opened at C$26.29 on Tuesday. The firm has a market cap of C$910.69 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52. Sleep Country Canada has a 52-week low of C$21.31 and a 52-week high of C$29.29. The company’s 50-day simple moving average is C$25.46 and its 200-day simple moving average is C$24.45. The company has a quick ratio of 0.35, a current ratio of 0.90 and a debt-to-equity ratio of 102.62.

Sleep Country Canada (TSE:ZZZGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported C$0.76 earnings per share for the quarter, beating the consensus estimate of C$0.71 by C$0.05. The company had revenue of C$255.75 million for the quarter, compared to analyst estimates of C$248.90 million. Sleep Country Canada had a net margin of 9.69% and a return on equity of 20.80%. Equities analysts predict that Sleep Country Canada will post 2.4504171 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Dave Howcroft sold 19,583 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$25.59, for a total transaction of C$501,128.97. 1.68% of the stock is owned by insiders.

About Sleep Country Canada

(Get Free Report)

Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, blankets, mattress pads, and other sleep accessories.

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