Stewart Schaefer Sells 5,000 Shares of Sleep Country Canada Holdings Inc. (TSE:ZZZ) Stock

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Free Report) 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 value of C$146,100.00.

Sleep Country Canada Stock Performance

Sleep Country Canada stock opened at C$29.86 on Friday. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.39 and a beta of 1.59. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86. Sleep Country Canada Holdings Inc. has a fifty-two week low of C$21.31 and a fifty-two week high of C$30.50. The stock has a fifty day moving average of C$27.14 and a two-hundred day moving average of C$24.88.

Sleep Country Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 29th were given a $0.237 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Tuesday, February 20th. Sleep Country Canada’s dividend payout ratio is currently 46.57%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZZZ. Royal Bank of Canada raised their price objective on Sleep Country Canada from C$24.00 to C$28.00 and gave the company a “sector perform” rating in a research note on Friday, March 8th. CIBC downgraded Sleep Country Canada from an “outperform” rating to a “neutral” rating and raised their price objective for the company from C$27.00 to C$32.00 in a research note on Friday, March 8th. Stifel Nicolaus raised their price objective on Sleep Country Canada from C$28.00 to C$33.50 in a research note on Friday, March 8th. BMO Capital Markets raised their price objective on Sleep Country Canada from C$28.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Finally, TD Securities raised their price objective on Sleep Country Canada from C$31.00 to C$34.00 and gave the company a “buy” rating in a research note on Friday, March 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$32.43.

Check Out Our Latest Stock Analysis on Sleep Country Canada

About Sleep Country Canada

(Get Free Report)

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.

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