Shares of Sleep Country Canada Holdings Inc (TSE:ZZZ) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$29.31.
ZZZ has been the subject of several research reports. Scotiabank upgraded shares of Sleep Country Canada to a “buy” rating and set a C$26.50 price objective for the company in a research note on Friday, November 30th. National Bank Financial decreased their price objective on shares of Sleep Country Canada from C$34.00 to C$27.00 and set a “sector perform” rating for the company in a research note on Friday, November 2nd. BMO Capital Markets decreased their price objective on shares of Sleep Country Canada from C$39.00 to C$30.00 in a research note on Monday, November 5th. Raymond James decreased their price objective on shares of Sleep Country Canada from C$39.00 to C$35.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Finally, Royal Bank of Canada decreased their price objective on shares of Sleep Country Canada from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Wednesday, January 23rd.
ZZZ opened at C$22.52 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.40 and a debt-to-equity ratio of 35.64. Sleep Country Canada has a 52-week low of C$18.79 and a 52-week high of C$37.24. The company has a market cap of $766.39 million and a price-to-earnings ratio of 13.82.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Stockholders of record on Tuesday, February 26th will be paid a $0.185 dividend. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $0.74 annualized dividend and a dividend yield of 3.29%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 45.40%.
In other news, insider Sieg Will bought 27,500 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average cost of C$21.15 per share, for a total transaction of C$581,625.00.
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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