Shelly Radue Ibach Sells 10,000 Shares of Sleep Number Corp (SNBR) Stock

Sleep Number Corp (NASDAQ:SNBR) insider Shelly Radue Ibach sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shelly Radue Ibach also recently made the following trade(s):

  • On Wednesday, September 19th, Shelly Radue Ibach sold 10,000 shares of Sleep Number stock. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00.

SNBR stock traded down $0.96 during midday trading on Friday, reaching $39.35. 18,961 shares of the company’s stock traded hands, compared to its average volume of 833,510. Sleep Number Corp has a 52-week low of $26.22 and a 52-week high of $40.72. The stock has a market cap of $1.31 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.19 and a beta of 1.27.

Sleep Number (NASDAQ:SNBR) last announced its earnings results on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.19). Sleep Number had a net margin of 3.93% and a return on equity of 490.11%. The business had revenue of $438.78 million for the quarter, compared to analysts’ expectations of $410.90 million. On average, sell-side analysts predict that Sleep Number Corp will post 1.77 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Piper Jaffray Companies downgraded shares of Sleep Number from an “overweight” rating to a “neutral” rating in a research report on Thursday, July 26th. TheStreet downgraded shares of Sleep Number from a “b-” rating to a “c” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $35.25.

A number of hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC increased its holdings in Sleep Number by 36.3% during the second quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock valued at $185,000 after buying an additional 1,700 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Sleep Number by 3.6% during the third quarter. Wells Fargo & Company MN now owns 53,831 shares of the company’s stock valued at $1,981,000 after buying an additional 1,863 shares during the last quarter. Tyers Asset Management LLC increased its holdings in Sleep Number by 37.6% during the second quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock valued at $202,000 after buying an additional 1,904 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of Sleep Number by 37.6% in the second quarter. Flinton Capital Management LLC now owns 8,466 shares of the company’s stock worth $246,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Balter Liquid Alternatives LLC increased its stake in shares of Sleep Number by 9.9% in the second quarter. Balter Liquid Alternatives LLC now owns 38,246 shares of the company’s stock worth $1,142,000 after purchasing an additional 3,454 shares in the last quarter.

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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 and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Insider Buying and Selling by Quarter for Sleep Number (NASDAQ:SNBR)

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