Sleep Number Corp (NASDAQ:SNBR) EVP Andrew P. Carlin sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $37.00, for a total value of $111,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Sleep Number Corp (SNBR) traded down $0.16 during trading on Wednesday, hitting $36.48. The company had a trading volume of 516,677 shares, compared to its average volume of 693,105. Sleep Number Corp has a 12-month low of $23.14 and a 12-month high of $40.72. The firm has a market capitalization of $1,407.85, a P/E ratio of 23.54, a price-to-earnings-growth ratio of 1.01 and a beta of 0.81.
Sleep Number (NASDAQ:SNBR) last released its earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.13. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The firm had revenue of $363.28 million during the quarter, compared to the consensus estimate of $331.72 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. equities analysts expect that Sleep Number Corp will post 1.88 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in SNBR. Meadow Creek Investment Management LLC acquired a new position in Sleep Number in the fourth quarter valued at approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Sleep Number in the fourth quarter valued at approximately $114,000. Meeder Asset Management Inc. acquired a new position in Sleep Number in the fourth quarter valued at approximately $184,000. Elkfork Partners LLC acquired a new position in Sleep Number in the fourth quarter valued at approximately $190,000. Finally, LS Investment Advisors LLC acquired a new position in Sleep Number in the fourth quarter valued at approximately $201,000.
A number of brokerages have recently weighed in on SNBR. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Friday, January 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $47.00 price target (up previously from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. Two investment 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’s stock. Sleep Number currently has a consensus rating of “Hold” and a consensus price target of $34.00.
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Sleep Number Company Profile
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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