Sleep Number Corp (NASDAQ:SNBR) CMO Kevin Kennedy Brown sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.37, for a total transaction of $163,665.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Sleep Number Corp (NASDAQ SNBR) opened at $36.11 on Friday. Sleep Number Corp has a 12 month low of $21.52 and a 12 month high of $40.72. The company has a market cap of $1,401.54, a price-to-earnings ratio of 23.30, a PEG ratio of 1.00 and a beta of 0.74.
Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.13. Sleep Number had a net margin of 4.51% and a return on equity of 61.21%. The company had revenue of $363.28 million for the quarter, compared to analyst estimates of $331.72 million. During the same period in the prior year, the firm posted $0.25 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. equities analysts predict that Sleep Number Corp will post 1.88 EPS for the current year.
Several large investors have recently bought and sold shares of the company. American International Group Inc. boosted its stake in shares of Sleep Number by 5.5% in the 3rd quarter. American International Group Inc. now owns 32,550 shares of the company’s stock valued at $1,011,000 after purchasing an additional 1,692 shares during the last quarter. Strs Ohio boosted its stake in shares of Sleep Number by 6.4% in the 3rd quarter. Strs Ohio now owns 31,600 shares of the company’s stock valued at $981,000 after purchasing an additional 1,900 shares during the last quarter. Edge Advisors LLC boosted its stake in shares of Sleep Number by 21.2% in the 3rd quarter. Edge Advisors LLC now owns 14,016 shares of the company’s stock valued at $435,000 after purchasing an additional 2,455 shares during the last quarter. Meadow Creek Investment Management LLC bought a new stake in shares of Sleep Number in the 4th quarter valued at $109,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Sleep Number in the 4th quarter valued at $114,000.
Several brokerages have issued reports on SNBR. Zacks Investment Research cut shares of Sleep Number from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Stifel Nicolaus restated a “buy” rating and issued a $47.00 price target (up from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Finally, Bank of America cut shares of Sleep Number from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.00.
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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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