Shares of Sleep Country Canada Holdings Inc (TSE:ZZZ) have been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$39.75.

A number of analysts recently weighed in on ZZZ shares. BMO Capital Markets decreased their price target on shares of Sleep Country Canada from C$42.00 to C$39.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. TD Securities decreased their price target on shares of Sleep Country Canada from C$40.00 to C$36.00 and set a “hold” rating for the company in a research note on Tuesday, August 7th. CIBC decreased their price target on shares of Sleep Country Canada from C$40.00 to C$37.00 in a research note on Tuesday, August 7th. Royal Bank of Canada decreased their price target on shares of Sleep Country Canada from C$46.00 to C$43.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, National Bank Financial decreased their price target on shares of Sleep Country Canada from C$39.00 to C$37.00 and set an “outperform” rating for the company in a research note on Monday, July 30th.

In other news, insider Dave Howcroft sold 2,608 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of C$31.50, for a total value of C$82,152.00.

Shares of Sleep Country Canada stock opened at C$29.97 on Friday. Sleep Country Canada has a 12-month low of C$29.87 and a 12-month high of C$40.02.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Thursday, August 30th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, August 17th.

About Sleep Country Canada

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, 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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