Sleep Country Canada (TSE:ZZZ) had its target price increased by Scotiabank from C$38.00 to C$40.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
ZZZ has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on Sleep Country Canada from C$30.00 to C$36.00 in a research note on Thursday, March 4th. CIBC upped their price objective on Sleep Country Canada to C$37.00 and gave the company an outperform rating in a research note on Monday, April 19th. National Bankshares upped their price objective on Sleep Country Canada from C$37.00 to C$38.00 and gave the company a sector perform rating in a research note on Wednesday. National Bank Financial upped their price objective on Sleep Country Canada to C$38.00 and gave the company a sector perform rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on Sleep Country Canada from C$29.00 to C$32.00 and gave the company a sector perform rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of C$38.14.
Shares of TSE ZZZ opened at C$32.17 on Wednesday. Sleep Country Canada has a twelve month low of C$12.97 and a twelve month high of C$35.70. The stock’s 50 day moving average price is C$32.93 and its 200-day moving average price is C$28.18. The company has a market capitalization of C$1.18 billion and a PE ratio of 18.81. The company has a quick ratio of 0.27, a current ratio of 0.69 and a debt-to-equity ratio of 106.33.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 31st. Shareholders of record on Friday, May 21st will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $0.78 dividend on an annualized basis and a yield of 2.42%. Sleep Country Canada’s payout ratio is 22.81%.
In other Sleep Country Canada news, Senior Officer Stewart Schaefer sold 4,000 shares of the business’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of C$31.50, for a total transaction of C$126,000.00. Following the sale, the insider now owns 220,295 shares of the company’s stock, valued at approximately C$6,939,292.50.
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, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillow cases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.
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