Sleep Country Canada Holdings Inc (ZZZ) Receives C$40.43 Consensus Price Target from Analysts
Sleep Country Canada Holdings Inc (TSE:ZZZ) has been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$40.43.
Several brokerages recently weighed in on ZZZ. Raymond James Financial lowered Sleep Country Canada from an “outperform” rating to a “market perform” rating and set a C$40.00 price objective for the company. in a report on Thursday, October 26th. Scotiabank reissued an “outperform” rating and issued a C$44.00 price objective on shares of Sleep Country Canada in a report on Tuesday, October 24th. CIBC lowered their price objective on Sleep Country Canada from C$44.00 to C$42.00 in a report on Thursday, November 2nd. TD Securities lowered Sleep Country Canada from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$45.00 to C$41.00 in a report on Thursday, November 2nd. Finally, National Bank Financial lowered their price objective on 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.
In other news, insider Sieg Will acquired 2,600 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of C$33.90 per share, with a total value of C$88,140.00. Over the last three months, insiders purchased 2,770 shares of company stock valued at $93,869.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Friday, February 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, February 15th. Sleep Country Canada’s dividend payout ratio is currently 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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