Sleep Country Canada Holdings Inc (ZZZ) Price Target Lowered to C$42.00 at CIBC

Sleep Country Canada Holdings Inc (TSE:ZZZ) had its price target reduced by CIBC from C$44.00 to C$42.00 in a research report report published on Thursday morning.

A number of other research firms have also recently commented on ZZZ. Scotiabank reiterated an outperform rating and set a C$44.00 target price on shares of Sleep Country Canada Holdings in a research note on Monday, July 24th. Raymond James Financial, Inc. cut Sleep Country Canada Holdings from an outperform rating to a market perform rating and set a C$40.00 target price on the stock. in a research note on Thursday, October 26th. TD Securities cut Sleep Country Canada Holdings from a buy rating to a hold rating and lowered their target price for the stock from C$45.00 to C$41.00 in a research note on Thursday. Finally, National Bank Financial lowered their target price on Sleep Country Canada Holdings from C$45.00 to C$40.00 and set an outperform rating on the stock in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of C$40.83.

Sleep Country Canada Holdings (ZZZ) traded down C$4.78 during midday trading on Thursday, hitting C$33.82. The stock had a trading volume of 258,500 shares.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors 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 1.95%. The ex-dividend date of this dividend is Thursday, November 16th.

In other news, insider Dave Howcroft acquired 2,900 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of C$33.45 per share, for a total transaction of C$97,005.00.

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.

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