Sleep Country Canada Holdings Inc (TSE:ZZZ) Plans $0.20 Quarterly Dividend

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Sleep Country Canada Holdings Inc (TSE:ZZZ) declared a quarterly dividend on Monday, November 18th, TickerTech reports. Investors of record on Friday, November 29th will be paid a dividend of 0.195 per share on Friday, November 29th. This represents a $0.78 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Monday, November 18th.

Shares of TSE ZZZ opened at C$20.22 on Friday. The company’s 50 day simple moving average is C$20.58 and its 200 day simple moving average is C$19.79. Sleep Country Canada has a fifty-two week low of C$16.01 and a fifty-two week high of C$23.47. The firm has a market capitalization of $756.06 million and a P/E ratio of 13.30. The company has a debt-to-equity ratio of 165.52, a current ratio of 1.05 and a quick ratio of 0.31.

Sleep Country Canada (TSE:ZZZ) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.69 by C($0.09). The company had revenue of C$209.97 million for the quarter, compared to analyst estimates of C$216.30 million. Sell-side analysts expect that Sleep Country Canada will post 1.7200001 EPS for the current fiscal year.

In other Sleep Country Canada news, Senior Officer Eric Solomon sold 2,785 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of C$21.00, for a total value of C$58,485.00. Following the completion of the sale, the insider now owns 29,605 shares of the company’s stock, valued at C$621,705.

Several brokerages recently weighed in on ZZZ. Royal Bank of Canada cut their price objective on shares of Sleep Country Canada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. CIBC upgraded shares of Sleep Country Canada from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$20.00 to C$24.00 in a report on Monday, August 12th. TD Securities cut their price objective on shares of Sleep Country Canada from C$23.00 to C$21.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Finally, National Bank Financial cut their price objective on shares of Sleep Country Canada from C$22.00 to C$21.00 and set a “sector perform” rating on the stock in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Sleep Country Canada presently has a consensus rating of “Buy” and an average price target of C$25.06.

Sleep Country Canada Company Profile

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

Further Reading: Support Level

Dividend History for Sleep Country Canada (TSE:ZZZ)

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