Insider Buying: Sleep Country Canada Holdings Inc. (TSE:ZZZ) Senior Officer Buys 672 Shares of Stock

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating) Senior Officer Dave Howcroft bought 672 shares of Sleep Country Canada stock in a transaction dated Thursday, November 10th. The stock was acquired at an average price of C$21.57 per share, with a total value of C$14,495.04. Following the purchase, the insider now directly owns 2,085 shares of the company’s stock, valued at C$44,973.45.

Sleep Country Canada Price Performance

ZZZ stock opened at C$22.62 on Monday. The company has a debt-to-equity ratio of 95.89, a current ratio of 0.96 and a quick ratio of 0.33. Sleep Country Canada Holdings Inc. has a one year low of C$19.66 and a one year high of C$41.97. The stock has a market cap of C$810.09 million and a PE ratio of 8.11. The firm has a 50 day simple moving average of C$23.46 and a two-hundred day simple moving average of C$25.56.

Sleep Country Canada (TSE:ZZZGet Rating) last released its quarterly earnings results on Friday, November 4th. The company reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$0.99 by C($0.10). The business had revenue of C$251.03 million for the quarter, compared to analyst estimates of C$261.40 million. On average, analysts predict that Sleep Country Canada Holdings Inc. will post 3.2200002 EPS for the current fiscal year.

Sleep Country Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 30th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.80%. Sleep Country Canada’s payout ratio is 29.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZZZ shares. CIBC reduced their target price on shares of Sleep Country Canada from C$29.00 to C$24.00 in a research note on Tuesday, November 8th. Stifel Nicolaus reduced their price objective on shares of Sleep Country Canada from C$33.00 to C$28.00 in a research note on Tuesday, November 8th. BMO Capital Markets reduced their price objective on shares of Sleep Country Canada from C$36.00 to C$31.00 in a research note on Tuesday, November 8th. National Bankshares reduced their price objective on shares of Sleep Country Canada from C$35.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 8th. Finally, TD Securities reduced their price objective on shares of Sleep Country Canada from C$33.00 to C$30.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th.

Sleep Country Canada Company Profile

(Get Rating)

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, platforms, metal frames, blankets, mattress pads, and other sleep accessories.

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Insider Buying and Selling by Quarter for Sleep Country Canada (TSE:ZZZ)

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