Sleep Country Canada Holdings Inc. (TSE:ZZZ) Plans $0.24 Quarterly Dividend

Sleep Country Canada Holdings Inc. (TSE:ZZZ) declared a quarterly dividend on Friday, November 10th, Zacks reports. Shareholders of record on Friday, November 24th will be paid a dividend of 0.237 per share on Thursday, November 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Thursday, November 23rd.

Sleep Country Canada Stock Performance

ZZZ stock opened at C$24.48 on Tuesday. Sleep Country Canada has a twelve month low of C$21.09 and a twelve month high of C$29.29. The company has a quick ratio of 0.35, a current ratio of 0.90 and a debt-to-equity ratio of 102.62. The company has a market cap of C$847.99 million, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.39 and a beta of 1.52. The business’s fifty day moving average is C$22.74 and its 200-day moving average is C$25.09.

Analyst Ratings Changes

A number of brokerages have issued reports on ZZZ. Stifel Nicolaus reduced their target price on Sleep Country Canada from C$30.00 to C$28.00 in a report on Monday, August 14th. CIBC decreased their price objective on shares of Sleep Country Canada from C$28.00 to C$27.00 and set an “outperform” rating for the company in a report on Monday, November 13th. National Bankshares cut their target price on shares of Sleep Country Canada from C$29.00 to C$27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 5th. Royal Bank of Canada reduced their price target on shares of Sleep Country Canada from C$27.00 to C$24.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 15th. Finally, BMO Capital Markets dropped their price objective on Sleep Country Canada from C$32.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$27.17.

About Sleep Country Canada

Sleep Country Canada Holdings Inc 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 pillowcases, blankets, mattress pads, and other sleep accessories.