Sleep Number Corp (NASDAQ:SNBR) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $32.40.
Several equities research analysts have weighed in on SNBR shares. Zacks Investment Research raised shares of Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Friday, January 5th. Stifel Nicolaus restated a “buy” rating and issued a $47.00 price objective (up from $40.00) on shares of Sleep Number in a report on Friday, February 16th. BidaskClub lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Shares of SNBR stock opened at $34.55 on Wednesday. The firm has a market cap of $1,378.99, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.81. Sleep Number has a 12-month low of $23.14 and a 12-month high of $40.72.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.13. The business had revenue of $363.28 million during the quarter, compared to analysts’ expectations of $331.72 million. Sleep Number had a net margin of 4.51% and a return on equity of 61.21%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 EPS. analysts anticipate that Sleep Number will post 1.88 earnings per share for the current year.
In related news, CMO Kevin Kennedy Brown sold 4,500 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $36.37, for a total value of $163,665.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $34.25, for a total transaction of $274,000.00. The disclosure for this sale can be found here. Insiders sold a total of 41,545 shares of company stock valued at $1,517,056 over the last 90 days. Company insiders own 4.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Sleep Number in the 4th quarter worth about $3,026,000. Sterling Capital Management LLC bought a new position in shares of Sleep Number in the 4th quarter worth about $935,000. MetLife Investment Advisors LLC bought a new position in shares of Sleep Number in the 4th quarter worth about $645,000. Gotham Asset Management LLC bought a new position in shares of Sleep Number in the 4th quarter worth about $563,000. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Sleep Number in the 4th quarter worth about $465,000.
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About Sleep Number
Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.
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