Sleep Number Corp (NASDAQ:SNBR) Director Sells $1,287,500.00 in Stock

Sleep Number Corp (NASDAQ:SNBR) Director Jean Michel Valette sold 25,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.50, for a total value of $1,287,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

SNBR stock opened at $46.69 on Friday. Sleep Number Corp has a twelve month low of $28.25 and a twelve month high of $52.08. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.25 and a beta of 1.13. The company’s 50 day moving average is $41.42.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. Sleep Number had a negative return on equity of 66.17% and a net margin of 4.66%. The company had revenue of $355.96 million during the quarter, compared to analyst estimates of $336.30 million. During the same quarter last year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. Research analysts predict that Sleep Number Corp will post 2.55 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new position in Sleep Number during the 1st quarter valued at approximately $31,000. O Shaughnessy Asset Management LLC bought a new position in Sleep Number during the 1st quarter valued at approximately $62,000. Advisor Group Inc. increased its position in Sleep Number by 1,761.0% during the 4th quarter. Advisor Group Inc. now owns 3,722 shares of the company’s stock valued at $118,000 after buying an additional 3,522 shares in the last quarter. Advisory Services Network LLC bought a new position in Sleep Number during the 4th quarter valued at approximately $121,000. Finally, SG Americas Securities LLC bought a new position in Sleep Number during the 1st quarter valued at approximately $132,000.

Several research analysts have recently issued reports on the company. TheStreet raised Sleep Number from a “d-” rating to a “c+” rating in a research report on Thursday, April 18th. ValuEngine lowered Sleep Number from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered Sleep Number from a “buy” rating to a “hold” rating in a research report on Tuesday, April 23rd. BidaskClub raised Sleep Number from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, SunTrust Banks increased their target price on Sleep Number to $43.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Sleep Number presently has a consensus rating of “Hold” and an average target price of $44.75.

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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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

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