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

Sleep Country Canada Holdings Inc. (TSE:ZZZ) announced 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 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, November 23rd.

Sleep Country Canada Trading Up 2.2 %

TSE ZZZ opened at C$24.48 on Tuesday. The firm has a market capitalization of C$847.99 million, a PE ratio of 9.75, a P/E/G ratio of 0.39 and a beta of 1.52. The stock’s 50 day moving average is C$22.74 and its 200 day moving average is C$25.09. 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.

Analyst Ratings Changes

Several research firms have commented on ZZZ. Royal Bank of Canada dropped their target price on Sleep Country Canada from C$27.00 to C$24.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 15th. CIBC dropped their price target on shares of Sleep Country Canada from C$28.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Monday, November 13th. Stifel Nicolaus reduced their price objective on shares of Sleep Country Canada from C$30.00 to C$28.00 in a research note on Monday, August 14th. National Bankshares dropped 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 research note on Thursday, October 5th. Finally, BMO Capital Markets reduced their price target on shares of Sleep Country Canada from C$32.00 to C$28.00 and set an “outperform” rating for the company in a research report on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.