Sleep Country Canada Holdings Inc (ZZZ) to Issue $0.17 Quarterly Dividend
Sleep Country Canada Holdings Inc (TSE:ZZZ) declared a quarterly dividend on Thursday, November 16th, TickerTech reports. Stockholders of record on Monday, November 27th will be given a dividend of 0.165 per share on Monday, November 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, November 16th.
Shares of Sleep Country Canada Holdings (TSE:ZZZ) traded up C$0.34 during trading hours on Friday, hitting C$32.16. The company had a trading volume of 81,800 shares, compared to its average volume of 74,575. Sleep Country Canada Holdings has a 1 year low of C$26.73 and a 1 year high of C$42.36.
A number of equities analysts have recently commented on ZZZ shares. Scotiabank reissued an “outperform” rating and set a C$44.00 price objective on shares of Sleep Country Canada Holdings in a research report on Monday, July 24th. Raymond James Financial, Inc. cut Sleep Country Canada Holdings from an “outperform” rating to a “market perform” rating and set a C$40.00 price objective for the company. in a research note on Thursday, October 26th. CIBC dropped their target price on Sleep Country Canada Holdings from C$44.00 to C$42.00 in a report on Thursday, November 2nd. TD Securities lowered Sleep Country Canada Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from C$45.00 to C$41.00 in a report on Thursday, November 2nd. Finally, National Bank Financial dropped their price objective on Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Sleep Country Canada Holdings has a consensus rating of “Buy” and an average price target of C$40.83.
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In other news, Director Christine Magee sold 39,900 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of C$32.38, for a total value of C$1,291,962.00. Also, insider Dave Howcroft bought 2,900 shares of the stock in a transaction dated Friday, August 25th. The stock was bought at an average price of C$33.45 per share, with a total value of C$97,005.00. Over the last 90 days, insiders sold 41,300 shares of company stock worth $1,336,862.
Sleep Country Canada Holdings Company Profile
Sleep Country Canada Holdings Inc operates as a specialty mattress retailer in Canada. The company offers a range of mattresses; and sleep related products and accessories, such as bed frames, pillows, mattress pads, sheets, duvets, headboards, and footboards. As of September 6, 2017, it operated 244 corporate-owned stores, including 191 Sleep Country stores across Canada and 53 Dormez-vous stores in Quebec.
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