Sleep Country Canada Holdings Inc. Declares Quarterly Dividend of $0.24 (TSE:ZZZ)

Sleep Country Canada Holdings Inc. (TSE:ZZZ) declared a quarterly dividend on Monday, August 26th, TickerTech reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.237 per share on Friday, August 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Monday, August 26th.

Sleep Country Canada Stock Performance

Shares of Sleep Country Canada stock opened at C$35.01 on Friday. The business has a 50-day simple moving average of C$30.59 and a 200 day simple moving average of C$28.71. The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 0.39 and a beta of 1.69. The company has a debt-to-equity ratio of 108.35, a current ratio of 1.05 and a quick ratio of 0.35. Sleep Country Canada has a one year low of C$21.31 and a one year high of C$35.24.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Securities lowered Sleep Country Canada from a “buy” rating to a “sell” rating and upped their target price for the stock from C$33.00 to C$35.00 in a research report on Tuesday, July 23rd. BMO Capital Markets downgraded shares of Sleep Country Canada from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from C$32.00 to C$35.00 in a report on Tuesday, July 23rd. Stifel Canada lowered shares of Sleep Country Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 22nd. Royal Bank of Canada boosted their target price on shares of Sleep Country Canada from C$30.00 to C$35.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 23rd. Finally, CIBC dropped their price target on shares of Sleep Country Canada from C$32.00 to C$28.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$33.79.

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.