Sleep Country Canada Holdings Inc. (ZZZ) to Issue Quarterly Dividend of $0.24 on May 30th

Sleep Country Canada Holdings Inc. (TSE:ZZZ) declared a quarterly dividend on Tuesday, May 7th, TickerTech reports. Stockholders 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 Price Performance

Shares of Sleep Country Canada stock traded down C$0.24 during trading on Thursday, reaching C$26.58. The company’s stock had a trading volume of 120,340 shares, compared to its average volume of 63,676. The stock has a 50-day moving average price of C$28.56 and a two-hundred day moving average price of C$26.31. The stock has a market capitalization of C$891.23 million, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.60. The company has a current ratio of 0.86, a quick ratio of 0.35 and a debt-to-equity ratio of 113.72. Sleep Country Canada has a one year low of C$21.31 and a one year high of C$30.50.

Sleep Country Canada (TSE:ZZZ) last announced its earnings results on Wednesday, March 6th. The company reported C$0.56 earnings per share (EPS) 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 company had revenue of C$255.60 million for the quarter, compared to analyst estimates of C$247.85 million. As a group, sell-side analysts anticipate that Sleep Country Canada will post 2.3407534 EPS for the current fiscal year.

Insider Transactions at Sleep Country Canada

In related news, Senior Officer Stewart Schaefer sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. In other news, Senior Officer Craig Depratto sold 8,661 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were 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 the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of C$29.22, for a total transaction of C$146,100.00. Insiders own 1.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ZZZ. National Bankshares cut their price objective on Sleep Country Canada from C$31.00 to C$30.00 in a report on Thursday. BMO Capital Markets decreased their price target on shares of Sleep Country Canada from C$35.00 to C$32.00 in a research note on Thursday. TD Securities cut their price objective on shares of Sleep Country Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Monday, April 29th. ATB Capital upped their target price on Sleep Country Canada from C$26.50 to C$33.50 and gave the company a “buy” rating in a research report on Friday, March 8th. Finally, CIBC dropped their price target on Sleep Country Canada from C$32.00 to C$28.00 in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$30.79.

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.