Sleep Country Canada (ZZZ) Given Consensus Recommendation of “Buy” by Brokerages

Sleep Country Canada (TSE:ZZZ) has earned an average recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$42.29.

Several equities analysts recently weighed in on the company. Scotiabank lifted their price target on Sleep Country Canada from C$44.00 to C$46.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. National Bank Financial lifted their price target on Sleep Country Canada from C$40.00 to C$43.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. CIBC lifted their price target on Sleep Country Canada from C$40.00 to C$43.00 in a research note on Monday, March 5th. BMO Capital Markets lifted their price target on Sleep Country Canada from C$41.00 to C$42.00 and gave the company an “outperform” rating in a research note on Monday, March 5th. Finally, Laurentian lifted their price target on Sleep Country Canada from C$40.00 to C$41.00 and gave the company a “buy” rating in a research note on Monday, March 5th.

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In other Sleep Country Canada news, Director Stephen Gunn sold 7,100 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of C$36.25, for a total transaction of C$257,375.00. Also, Director Christine Magee sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of C$35.75, for a total value of C$5,362,500.00. Over the last quarter, insiders have sold 267,410 shares of company stock valued at $9,657,020.

Shares of Sleep Country Canada stock traded down C$0.05 on Friday, hitting C$34.72. The company’s stock had a trading volume of 85,238 shares, compared to its average volume of 119,263. Sleep Country Canada has a 1 year low of C$31.07 and a 1 year high of C$42.36.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings results on Thursday, March 1st. The company reported C$0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.33 by C$0.09. Sleep Country Canada had a return on equity of 32.40% and a net margin of 12.88%. The firm had revenue of C$153.56 million during the quarter, compared to analyst estimates of C$149.80 million.

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Sleep Country Canada Company Profile

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.

Analyst Recommendations for Sleep Country Canada (TSE:ZZZ)

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