Sleep Country Canada (ZZZ) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Sleep Country Canada (TSE:ZZZ) in a report published on Monday morning. They currently have a C$30.00 price target on the stock.

Other analysts have also issued research reports about the stock. CIBC lowered their price target on shares of Sleep Country Canada from C$37.00 to C$34.00 in a research report on Wednesday, October 17th. Laurentian boosted their price target on shares of Sleep Country Canada from C$35.00 to C$36.00 in a research report on Monday. Scotiabank raised shares of Sleep Country Canada to a buy rating and set a C$26.50 price target on the stock in a research report on Friday, November 30th. TD Securities lowered their price target on shares of Sleep Country Canada from C$40.00 to C$36.00 and set a hold rating on the stock in a research report on Tuesday, August 7th. Finally, Royal Bank of Canada lowered their price target on shares of Sleep Country Canada from C$43.00 to C$39.00 and set an outperform rating on the stock in a research report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sleep Country Canada has an average rating of Buy and an average target price of C$29.44.

TSE ZZZ opened at C$22.64 on Monday. Sleep Country Canada has a 12-month low of C$19.85 and a 12-month high of C$37.24. The company has a debt-to-equity ratio of 35.64, a quick ratio of 0.66 and a current ratio of 1.40.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 29th were paid a dividend of $0.185 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.74 annualized dividend and a yield of 3.27%. Sleep Country Canada’s dividend payout ratio is currently 42.94%.

Sleep Country Canada Company Profile

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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