Sleep Country Canada (TSE:ZZZ) Reaches New 52-Week Low at $24.30

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$24.30 and last traded at C$24.36, with a volume of 63918 shares traded. The stock had previously closed at C$25.64.

A number of brokerages recently issued reports on ZZZ. Royal Bank of Canada dropped their price target on shares of Sleep Country Canada from C$38.00 to C$32.00 and set a “sector perform” rating on the stock in a research note on Friday, May 6th. TD Securities upgraded shares of Sleep Country Canada from a “hold” rating to a “buy” rating and upped their target price for the company from C$29.00 to C$34.00 in a research note on Friday, May 6th. Stifel Nicolaus lowered their target price on shares of Sleep Country Canada from C$46.00 to C$42.00 in a research note on Friday, May 6th. BMO Capital Markets lowered their target price on shares of Sleep Country Canada from C$39.00 to C$37.00 in a research note on Friday, May 6th. Finally, CIBC lowered their target price on shares of Sleep Country Canada from C$39.00 to C$37.00 and set an “outperform” rating on the stock in a research note on Friday, May 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$38.13.

The company’s 50 day moving average price is C$26.41 and its two-hundred day moving average price is C$31.26. The company has a current ratio of 1.03, a quick ratio of 0.32 and a debt-to-equity ratio of 93.84. The stock has a market cap of C$899.44 million and a P/E ratio of 9.71.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 30th. Stockholders of record on Monday, May 30th were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 3.53%. The ex-dividend date was Thursday, May 19th. This is a boost from Sleep Country Canada’s previous quarterly dividend of $0.20. Sleep Country Canada’s dividend payout ratio is 29.55%.

In other Sleep Country Canada news, Senior Officer Dave Howcroft acquired 1,872 shares of the stock in a transaction dated Monday, May 9th. The shares were purchased at an average price of C$26.70 per share, for a total transaction of C$49,982.40. Following the purchase, the insider now directly owns 15,169 shares of the company’s stock, valued at C$405,012.30.

About Sleep Country Canada (TSE:ZZZ)

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.

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