Sleep Country Canada Holdings’ (ZZZ) “Outperform” Rating Reiterated at Scotiabank
Sleep Country Canada Holdings Inc (TSE:ZZZ)‘s stock had its “outperform” rating reissued by investment analysts at Scotiabank in a report issued on Thursday, StockTargetPrices.com reports. They presently have a C$35.00 price target on the stock. Scotiabank’s target price would suggest a potential upside of 5.39% from the company’s current price.
Several other research analysts also recently commented on ZZZ. TD Securities lifted their target price on Sleep Country Canada Holdings from C$24.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Raymond James Financial Inc. upgraded Sleep Country Canada Holdings from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from C$22.00 to C$28.00 in a research note on Thursday, July 21st. Finally, CIBC boosted their price target on Sleep Country Canada Holdings from C$26.00 to C$35.00 in a research note on Tuesday, August 2nd.
Sleep Country Canada Holdings (TSE:ZZZ) traded up 2.62% on Thursday, reaching $34.08. The company’s stock had a trading volume of 63,034 shares. The company has a market cap of $1.28 billion and a P/E ratio of 32.58. Sleep Country Canada Holdings has a 12 month low of $14.09 and a 12 month high of $34.15. The company has a 50-day moving average price of $31.44 and a 200 day moving average price of $24.33.
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The company also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 26th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 12th. This is an increase from Sleep Country Canada Holdings’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 1.81%.
In related news, insider Stewart Schaefer sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was 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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