Sleep Country Canada Holdings’ (ZZZ) “Outperform” Rating Reaffirmed at Scotiabank
Sleep Country Canada Holdings Inc (TSE:ZZZ)‘s stock had its “outperform” rating reissued by analysts at Scotiabank in a report released on Thursday. They currently have a C$35.00 target price on the stock. Scotiabank’s price target would indicate a potential upside of 5.39% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. CIBC upped their price objective on shares of Sleep Country Canada Holdings from C$26.00 to C$35.00 in a report on Tuesday, August 2nd. TD Securities upped their price objective on shares of Sleep Country Canada Holdings from C$24.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, June 10th. Finally, Raymond James Financial Inc. raised shares of Sleep Country Canada Holdings from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$22.00 to C$28.00 in a report on Thursday, July 21st.
Sleep Country Canada Holdings (TSE:ZZZ) traded up 2.41% on Thursday, reaching $34.01. 56,614 shares of the company’s stock were exchanged. Sleep Country Canada Holdings has a one year low of $14.09 and a one year high of $34.15. The stock has a market cap of $1.28 billion and a price-to-earnings ratio of 32.51. The firm has a 50 day moving average of $31.44 and a 200-day moving average of $24.33.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 26th were issued a $0.15 dividend. The ex-dividend date was Friday, August 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Sleep Country Canada Holdings’s previous quarterly dividend of $0.13.
In other Sleep Country Canada Holdings news, insider Stewart Schaefer sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of C$31.96, for a total value of C$31,960.00.
Sleep Country Canada Holdings Company Profile
Sleep Country Canada Holdings Inc is a Canada-based mattress retailer. The Company operates under two mattress retail banners: Dormez-vous?, the retailer of mattresses in Quebec, and Sleep Country Canada, the mattress retailer in the rest of Canada. The Company operates through Canada segment. The Dormez-vous? has over 50 stores with approximately two distribution centers in Montreal and Quebec City.
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