Sleep Number (NASDAQ:SNBR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, November 5th, BidAskClub reports.
SNBR has been the subject of a number of other research reports. Zacks Investment Research raised shares of Sleep Number from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, October 18th. Piper Jaffray Companies increased their target price on shares of Sleep Number from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. SunTrust Banks increased their target price on shares of Sleep Number to $43.00 and gave the stock a “hold” rating in a report on Friday, July 26th. TheStreet raised Sleep Number from a “c+” rating to a “b-” rating in a research note on Wednesday, October 16th. Finally, Wedbush upped their price objective on Sleep Number from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.75.
SNBR traded down $0.30 on Tuesday, hitting $48.27. 158,437 shares of the stock were exchanged, compared to its average volume of 354,451. Sleep Number has a 12 month low of $30.70 and a 12 month high of $52.15. The business has a 50-day moving average of $48.19 and a two-hundred day moving average of $42.48. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 1.57 and a beta of 1.12.
Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.15. Sleep Number had a net margin of 5.08% and a negative return on equity of 60.10%. The business had revenue of $474.78 million during the quarter, compared to analysts’ expectations of $462.06 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. Sleep Number’s revenue was up 14.5% compared to the same quarter last year. On average, equities analysts expect that Sleep Number will post 2.6 earnings per share for the current year.
In other news, SVP Andrea Lee Bloomquist sold 26,520 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $47.25, for a total transaction of $1,253,070.00. Also, CEO Shelly Radue Ibach sold 7,641 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $48.59, for a total transaction of $371,276.19. Insiders have sold a total of 58,533 shares of company stock valued at $2,808,173 in the last three months. Insiders own 5.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in SNBR. Wedge Capital Management L L P NC lifted its holdings in shares of Sleep Number by 11.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 8,569 shares of the company’s stock worth $346,000 after purchasing an additional 897 shares in the last quarter. California Public Employees Retirement System lifted its stake in Sleep Number by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 61,697 shares of the company’s stock valued at $2,549,000 after acquiring an additional 4,148 shares in the last quarter. Advisor Group Inc. lifted its stake in Sleep Number by 121.7% during the 2nd quarter. Advisor Group Inc. now owns 8,784 shares of the company’s stock valued at $355,000 after acquiring an additional 4,822 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in Sleep Number during the 3rd quarter valued at $1,653,000. Finally, Canada Pension Plan Investment Board lifted its stake in Sleep Number by 1,345.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 488,720 shares of the company’s stock valued at $19,739,000 after acquiring an additional 454,914 shares in the last quarter.
Sleep Number Company Profile
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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