Sleep Country Canada Holdings Inc (ZZZ) Price Target Lowered to C$41.00 at BMO Capital Markets

Sleep Country Canada Holdings Inc (TSE:ZZZ) had its price objective decreased by BMO Capital Markets from C$44.00 to C$41.00 in a research note published on Friday, November 3rd.

Several other equities research analysts also recently commented on ZZZ. Scotiabank reiterated an outperform rating and issued a C$44.00 price objective on shares of Sleep Country Canada Holdings in a report on Monday, July 24th. TD Securities lowered their price objective on Sleep Country Canada Holdings from C$44.00 to C$42.00 and set a buy rating on the stock in a research report on Friday, August 4th. National Bank Financial lowered their price target on Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an outperform rating on the stock in a report on Friday, August 4th. Raymond James Financial, Inc. cut Sleep Country Canada Holdings from an outperform rating to a market perform rating and set a C$40.00 price objective on the stock. in a report on Thursday, October 26th. Finally, CIBC cut their target price on Sleep Country Canada Holdings from C$44.00 to C$42.00 in a research report on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of C$40.83.

Sleep Country Canada Holdings (TSE:ZZZ) opened at C$32.47 on Friday. Sleep Country Canada Holdings has a 52-week low of C$26.73 and a 52-week high of C$42.36.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 27th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, November 16th. Sleep Country Canada Holdings’s dividend payout ratio (DPR) is presently 42.86%.

In other Sleep Country Canada Holdings news, insider Dave Howcroft acquired 2,900 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of C$33.45 per share, with a total value of C$97,005.00. Also, Director Christine Magee sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of C$32.02, for a total value of C$35,222.00. Insiders sold 41,300 shares of company stock worth $1,336,862 over the last three months.

Sleep Country Canada Holdings Company Profile

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 September 6, 2017, it operated 244 corporate-owned stores, including 191 Sleep Country stores across Canada and 53 Dormez-vous stores in Quebec.

Analyst Recommendations for Sleep Country Canada Holdings (TSE:ZZZ)

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