Sleep Number (SNBR) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Sleep Number (NASDAQ:SNBR) from a buy rating to a hold rating in a report issued on Friday, July 27th.

SNBR has been the subject of a number of other research reports. ValuEngine upgraded shares of Sleep Number from a sell rating to a hold rating in a research note on Thursday, July 5th. Raymond James cut shares of Sleep Number from an outperform rating to a market perform rating in a research note on Thursday, April 19th. Piper Jaffray Companies cut shares of Sleep Number from an overweight rating to a neutral rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Sleep Number from a sell rating to a hold rating in a research note on Wednesday, June 20th. Finally, SunTrust Banks restated a hold rating and set a $32.00 price objective on shares of Sleep Number in a research report on Friday, April 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Sleep Number presently has a consensus rating of Hold and a consensus price target of $36.00.

NASDAQ:SNBR traded up $0.29 during trading hours on Friday, reaching $30.93. 302,637 shares of the company’s stock were exchanged, compared to its average volume of 759,737. The stock has a market cap of $1.07 billion, a P/E ratio of 20.76, a P/E/G ratio of 0.93 and a beta of 0.98. Sleep Number has a 1-year low of $26.22 and a 1-year high of $40.72.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, July 25th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $316.34 million during the quarter, compared to analysts’ expectations of $314.81 million. Sleep Number had a net margin of 4.47% and a return on equity of 115.80%. Sleep Number’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. analysts anticipate that Sleep Number will post 1.79 earnings per share for the current fiscal year.

In other news, Director Brenda J. Lauderback sold 974 shares of the stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $28.50, for a total value of $27,759.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David R. Callen purchased 1,000 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was bought at an average price of $27.88 per share, with a total value of $27,880.00. The disclosure for this purchase can be found here. 4.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Meadow Creek Investment Management LLC acquired a new stake in Sleep Number in the 4th quarter valued at about $109,000. Stratos Wealth Partners LTD. acquired a new stake in Sleep Number in the 1st quarter valued at about $117,000. NumerixS Investment Technologies Inc acquired a new stake in Sleep Number in the 2nd quarter valued at about $149,000. Riverhead Capital Management LLC grew its stake in Sleep Number by 36.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock valued at $185,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Elkfork Partners LLC acquired a new stake in Sleep Number in the 4th quarter valued at about $190,000.

About Sleep Number

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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Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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