Sleep Country Canada (ZZZ) Sets New 52-Week Low at $26.50

Sleep Country Canada Holdings Inc (TSE:ZZZ) shares hit a new 52-week low during trading on Friday . The company traded as low as C$26.50 and last traded at C$26.91, with a volume of 55676 shares traded. The stock had previously closed at C$27.02.

A number of research analysts have commented on ZZZ shares. CIBC reduced their price objective on Sleep Country Canada from C$40.00 to C$37.00 in a research note on Tuesday, August 7th. TD Securities reduced their price objective on Sleep Country Canada from C$40.00 to C$36.00 and set a “hold” rating on the stock in a research note on Tuesday, August 7th. National Bank Financial reduced their price objective on Sleep Country Canada from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Wednesday. BMO Capital Markets reduced their price objective on Sleep Country Canada from C$42.00 to C$39.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Finally, Royal Bank of Canada reduced their price objective on Sleep Country Canada from C$46.00 to C$43.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$39.00.

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

In other news, insider Dave Howcroft sold 2,608 shares of Sleep Country Canada stock in a transaction dated Friday, August 10th. The stock was sold at an average price of C$31.50, for a total transaction of C$82,152.00.

About Sleep Country Canada (TSE:ZZZ)

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.

Further Reading: What is a closed-end mutual fund (CEF)?

Receive News & Ratings for Sleep Country Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Country Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply