CIBC Trims Sleep Country Canada (TSE:ZZZ) Target Price to C$28.00

Sleep Country Canada (TSE:ZZZ) had its target price dropped by equities research analysts at CIBC from C$32.00 to C$28.00 in a research note issued on Thursday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 5.70% from the stock’s previous close.

A number of other research firms also recently commented on ZZZ. Stifel Nicolaus lowered their target price on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday. TD Securities cut their price target on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. ATB Capital raised their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research note on Friday, March 8th. National Bankshares cut their price target on Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday. Finally, BMO Capital Markets dropped their price objective on Sleep Country Canada from C$35.00 to C$32.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Sleep Country Canada has an average rating of “Moderate Buy” and a consensus target price of C$30.79.

Sleep Country Canada Price Performance

ZZZ stock traded down C$0.33 during midday trading on Thursday, hitting C$26.49. The company’s stock had a trading volume of 79,849 shares, compared to its average volume of 63,154. Sleep Country Canada has a 12 month low of C$21.31 and a 12 month high of C$30.50. The company has a quick ratio of 0.35, a current ratio of 0.86 and a debt-to-equity ratio of 113.72. The firm has a market capitalization of C$888.21 million, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.60. The company has a 50 day moving average of C$28.56 and a two-hundred day moving average of C$26.31.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, topping the consensus estimate of C$0.55 by C$0.01. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. The business had revenue of C$255.60 million during the quarter, compared to the consensus estimate of C$247.85 million. On average, analysts expect that Sleep Country Canada will post 2.3407534 EPS for the current year.

Insider Activity at Sleep Country Canada

In other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total value of C$146,100.00. In other news, Senior Officer Stewart Schaefer sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$30.02, for a total value of C$260,003.22. 1.55% of the stock is owned by insiders.

About Sleep Country Canada

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.