Sleep Number Corp (NASDAQ:SNBR) Receives Average Recommendation of “Hold” from Analysts

Sleep Number Corp (NASDAQ:SNBR) has earned an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.75.

A number of equities analysts have recently issued reports on the company. BidaskClub raised Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. Barclays reissued an “equal weight” rating and issued a $38.00 target price (up from $36.00) on shares of Sleep Number in a report on Thursday, April 18th. ValuEngine raised Alleghany from a “hold” rating to a “buy” rating in a report on Friday, April 19th. TheStreet cut WCF Bancorp from a “c” rating to a “d+” rating in a report on Thursday, April 18th. Finally, Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd.

Shares of SNBR traded up $0.68 during mid-day trading on Tuesday, reaching $42.00. The company had a trading volume of 592,891 shares, compared to its average volume of 619,804. Sleep Number has a twelve month low of $26.22 and a twelve month high of $49.56. The stock’s 50-day moving average price is $38.75. The stock has a market cap of $1.25 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.20 and a beta of 1.12.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Wednesday, April 17th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Sleep Number had a negative return on equity of 92.30% and a net margin of 4.74%. The business had revenue of $426.45 million during the quarter, compared to analysts’ expectations of $427.53 million. During the same period in the prior year, the firm posted $0.52 EPS. Sleep Number’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities analysts anticipate that Sleep Number will post 2.45 EPS for the current year.

In other Sleep Number news, CFO David R. Callen purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $33.57 per share, with a total value of $67,140.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Patricia Ann Dirks sold 6,502 shares of the firm’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $49.00, for a total value of $318,598.00. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Sleep Number by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,755,694 shares of the company’s stock valued at $55,709,000 after buying an additional 6,014 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in Sleep Number by 53.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 739,871 shares of the company’s stock valued at $23,477,000 after buying an additional 259,177 shares during the last quarter. Norges Bank bought a new position in Sleep Number in the 4th quarter valued at $16,774,000. Geode Capital Management LLC boosted its position in Sleep Number by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 416,283 shares of the company’s stock valued at $13,207,000 after buying an additional 4,251 shares during the last quarter. Finally, Wasatch Advisors Inc. boosted its position in Sleep Number by 9.2% in the 1st quarter. Wasatch Advisors Inc. now owns 408,747 shares of the company’s stock valued at $19,211,000 after buying an additional 34,581 shares during 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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