Sleep Country Canada Holdings Inc. to Issue Quarterly Dividend of $0.24 (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZ - Get Free Report) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Stockholders of record on Thursday, May 23rd will be given a dividend of 0.237 per share on Thursday, May 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.57%. The ex-dividend date is Wednesday, May 22nd.

Sleep Country Canada Stock Down 0.9 %

Shares of TSE ZZZ traded down C$0.24 during mid-day trading on Thursday, hitting C$26.58. The company had a trading volume of 120,340 shares, compared to its average volume of 63,676. Sleep Country Canada has a 1-year low of C$21.31 and a 1-year high of C$30.50. The company has a market capitalization of C$891.23 million, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.60. The company has a debt-to-equity ratio of 113.72, a current ratio of 0.86 and a quick ratio of 0.35. The business's 50-day simple moving average is C$28.56 and its 200 day simple moving average is C$26.31.

Sleep Country Canada (TSE:ZZZ - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.55 by C$0.01. The business had revenue of C$255.60 million during the quarter, compared to analysts' expectations of C$247.85 million. Sleep Country Canada had a return on equity of 16.85% and a net margin of 7.61%. On average, analysts predict that Sleep Country Canada will post 2.3407534 earnings per share for the current year.

Insider Activity at Sleep Country Canada

In related news, Senior Officer Stewart Schaefer sold 5,000 shares of Sleep Country Canada stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. In other news, Senior Officer Stewart Schaefer sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$29.22, for a total transaction of C$146,100.00. Also, Senior Officer Craig Depratto sold 8,661 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$30.02, for a total value of C$260,003.22. Company insiders own 1.55% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on ZZZ shares. Stifel Nicolaus cut their price target on Sleep Country Canada from C$33.50 to C$31.00 in a research report on Thursday. National Bankshares dropped their price objective on shares of Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday. Royal Bank of Canada increased their target price on shares of Sleep Country Canada from C$24.00 to C$28.00 and gave the stock a "sector perform" rating in a research note on Friday, March 8th. ATB Capital boosted their price target on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a "buy" rating in a research report on Friday, March 8th. Finally, CIBC lowered their price objective on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$30.79.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc retails mattress, bedding, and specialty sleep products in Canada. It offers sheets, pillows, mattresses, sleep wear, and various sleep accessories, as well as bed frames. The company also provides pillowcases, weighted blankets, mattress protectors, mattress toppers, full and platform beds, pet beds, lifestyle adjustable bases, duvets and duvet covers, pillow protectors, sleep and lounge wear, headboards, and bed frames.