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

Sleep Country Canada Holdings Inc. (TSE:ZZZ) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Wednesday, May 22nd.

Sleep Country Canada Stock Down 0.9 %

Shares of ZZZ traded down C$0.24 on Thursday, reaching C$26.58. The stock had a trading volume of 120,340 shares, compared to its average volume of 63,676. The company has a debt-to-equity ratio of 113.72, a quick ratio of 0.35 and a current ratio of 0.86. The firm has a market capitalization of C$891.23 million, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.60. The company has a 50-day simple moving average of C$28.56 and a 200-day simple moving average of C$26.31. Sleep Country Canada has a 12-month low of C$21.31 and a 12-month high of C$30.50.

Sleep Country Canada (TSE:ZZZ) last released its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.55 by C$0.01. Sleep Country Canada had a net margin of 7.61% and a return on equity of 16.85%. The firm had revenue of C$255.60 million for the quarter, compared to the consensus estimate of C$247.85 million. Sell-side analysts predict that Sleep Country Canada will post 2.3407534 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZZZ shares. Royal Bank of Canada upped their price target on 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. TD Securities reduced their price target on Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a report on Monday, April 29th. National Bankshares dropped their price target on shares of Sleep Country Canada from C$31.00 to C$30.00 in a research note on Thursday. CIBC reduced their price objective on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research note on Thursday. Finally, BMO Capital Markets dropped their target price on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Sleep Country Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$30.79.

Insider Activity at Sleep Country Canada

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

About Sleep Country Canada

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.