Insider Buying: Sleep Country Canada Holdings Inc. (TSE:ZZZ) Senior Officer Buys C$14,495.04 in Stock

Sleep Country Canada Holdings Inc. (TSE:ZZZGet Rating) Senior Officer Dave Howcroft purchased 672 shares of the business’s stock in a transaction dated Thursday, November 10th. The shares were purchased at an average cost of C$21.57 per share, with a total value of C$14,495.04. Following the acquisition, the insider now owns 2,085 shares in the company, valued at approximately C$44,973.45.

Sleep Country Canada Stock Up 4.3 %

Shares of TSE ZZZ opened at C$22.62 on Monday. The stock has a market capitalization of C$810.09 million and a P/E ratio of 8.11. The company has a 50-day moving average price of C$23.46 and a 200-day moving average price of C$25.56. Sleep Country Canada Holdings Inc. has a 1 year low of C$19.66 and a 1 year high of C$41.97. The company has a debt-to-equity ratio of 95.89, a current ratio of 0.96 and a quick ratio of 0.33.

Sleep Country Canada (TSE:ZZZGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.99 by C($0.10). The firm had revenue of C$251.03 million for the quarter, compared to analysts’ expectations of C$261.40 million. On average, equities research analysts forecast that Sleep Country Canada Holdings Inc. will post 3.2200002 EPS for the current fiscal year.

Sleep Country Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 30th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Friday, November 18th. Sleep Country Canada’s payout ratio is currently 29.39%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. TD Securities dropped their price objective on shares of Sleep Country Canada from C$33.00 to C$30.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. CIBC dropped their price target on shares of Sleep Country Canada from C$29.00 to C$24.00 in a research note on Tuesday, November 8th. National Bankshares decreased their price objective on shares of Sleep Country Canada from C$35.00 to C$28.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 8th. Royal Bank of Canada decreased their price objective on shares of Sleep Country Canada from C$28.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 8th. Finally, BMO Capital Markets reduced their price target on shares of Sleep Country Canada from C$36.00 to C$31.00 in a report on Tuesday, November 8th.

About Sleep Country Canada

(Get Rating)

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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Insider Buying and Selling by Quarter for Sleep Country Canada (TSE:ZZZ)

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