Sleep Country Canada Holdings Inc. (TSE:ZZZ) Senior Officer Sells C$71,469.00 in Stock

Sleep Country Canada Holdings Inc. (TSE:ZZZ – Get Rating) Senior Officer Stewart Schaefer sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of C$26.47, for a total value of C$71,469.00.

Sleep Country Canada Price Performance

Shares of ZZZ opened at C$26.17 on Friday. The firm has a market cap of C$909.15 million, a PE ratio of 9.21, a P/E/G ratio of 0.39 and a beta of 1.55. The company has a current ratio of 1.15, a quick ratio of 0.35 and a debt-to-equity ratio of 102.77. The firm has a fifty day simple moving average of C$23.92 and a two-hundred day simple moving average of C$23.77. Sleep Country Canada Holdings Inc. has a 1-year low of C$19.66 and a 1-year high of C$29.91.

Sleep Country Canada (TSE:ZZZ – Get Rating) last announced its earnings results on Monday, May 8th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.05). The company had revenue of C$206.50 million for the quarter, compared to analysts’ expectations of C$197.40 million. Sleep Country Canada had a net margin of 11.16% and a return on equity of 24.08%. On average, equities analysts anticipate that Sleep Country Canada Holdings Inc. will post 2.5923001 EPS for the current year.

Sleep Country Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Wednesday, May 31st will be paid a $0.237 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.62%. This is a positive change from Sleep Country Canada’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, May 23rd. Sleep Country Canada’s dividend payout ratio is 33.45%.

Wall Street Analysts Forecast Growth

ZZZ has been the topic of several analyst reports. CIBC upped their price objective on Sleep Country Canada from C$26.50 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, March 6th. Stifel Nicolaus upped their price objective on Sleep Country Canada from C$28.00 to C$30.00 in a research report on Monday, March 6th. National Bankshares upped their price objective on Sleep Country Canada from C$28.00 to C$29.00 and gave the company a “sector perform” rating in a research report on Monday, March 6th. BMO Capital Markets upped their price objective on Sleep Country Canada from C$28.00 to C$34.00 in a research report on Monday, March 6th. Finally, Royal Bank of Canada decreased their target price on shares of Sleep Country Canada from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 2nd.

About Sleep Country Canada

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Sleep Country Canada Holdings Inc engages in retailing mattress and bedding-related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, pillows, duvets, duvet covers, mattress toppers and protectors, pet beds, weighted blankets, throws, sheets, headboards, footboards, frames, mattress and pillowcases, platforms, metal frames, blankets, mattress pads, and other sleep accessories.