Shares of Sleep Country Canada Holdings Inc (TSE:ZZZ) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$40.43.
ZZZ has been the subject of a number of analyst reports. TD Securities lowered shares of Sleep Country Canada from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$45.00 to C$41.00 in a report on Thursday, November 2nd. Raymond James Financial dropped their target price on shares of Sleep Country Canada from C$40.00 to C$38.00 and set a “market perform” rating for the company in a report on Friday, November 3rd. Laurentian set a C$40.00 target price on shares of Sleep Country Canada and gave the stock a “buy” rating in a report on Wednesday. National Bank Financial dropped their target price on shares of Sleep Country Canada from C$40.00 to C$39.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Scotiabank reiterated an “outperform” rating and set a C$44.00 target price on shares of Sleep Country Canada in a report on Tuesday, October 24th.
In other Sleep Country Canada news, Director Christine Magee sold 1,100 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$32.02, for a total value of C$35,222.00. Also, insider Sieg Will acquired 2,600 shares of the stock in a transaction on Friday, December 15th. The stock was bought at an average price of C$33.90 per share, with a total value of C$88,140.00. Insiders acquired 2,770 shares of company stock valued at $93,869 over the last 90 days.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 16th will be issued a $0.165 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.66 annualized dividend and a yield of 2.00%. Sleep Country Canada’s dividend payout ratio (DPR) is presently 42.86%.
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About Sleep Country Canada
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 November 24, 2017, it operated 247 stores and 16 distribution centers.
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