Sleep Country Canada Holdings Inc (TSE:ZZZ) Senior Officer Eric Solomon sold 2,785 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$21.00, for a total value of C$58,485.00. Following the transaction, the insider now owns 29,605 shares of the company’s stock, valued at C$621,705.
ZZZ traded up C$0.12 during trading hours on Tuesday, hitting C$21.43. 10,142 shares of the stock were exchanged, compared to its average volume of 106,092. The stock has a 50-day simple moving average of C$19.00 and a 200-day simple moving average of C$19.46. Sleep Country Canada Holdings Inc has a 12 month low of C$16.01 and a 12 month high of C$33.20. The stock has a market cap of $767.85 million and a price-to-earnings ratio of 14.02. The company has a debt-to-equity ratio of 165.52, a current ratio of 1.05 and a quick ratio of 0.31.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 29th will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, August 19th. Sleep Country Canada’s dividend payout ratio (DPR) is presently 49.34%.
ZZZ has been the topic of several research analyst reports. BMO Capital Markets reduced their price objective on Sleep Country Canada from C$25.00 to C$21.00 in a research note on Wednesday, May 8th. TD Securities reduced their price objective on Sleep Country Canada from C$23.00 to C$19.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. CIBC upgraded Sleep Country Canada from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from C$20.00 to C$24.00 in a research note on Monday, August 12th. Royal Bank of Canada raised their price objective on Sleep Country Canada from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. Finally, National Bank Financial reduced their price objective on Sleep Country Canada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$25.06.
About Sleep Country Canada
Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.
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