Sleep Number Corp (SNBR) SVP Sells $279,920.00 in Stock
Sleep Number Corp (NASDAQ:SNBR) SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $34.99, for a total value of $279,920.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Sleep Number Corp (SNBR) traded up $0.01 during midday trading on Tuesday, reaching $37.20. The company had a trading volume of 525,823 shares, compared to its average volume of 984,061. Sleep Number Corp has a one year low of $18.89 and a one year high of $37.94. The stock has a market cap of $1,423.93, a PE ratio of 23.37, a PEG ratio of 1.45 and a beta of 0.61.
Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Tuesday, October 17th. The company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.06). Sleep Number had a return on equity of 51.12% and a net margin of 4.34%. The business had revenue of $402.64 million during the quarter, compared to analysts’ expectations of $413.89 million. During the same period in the prior year, the firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. equities analysts predict that Sleep Number Corp will post 1.37 EPS for the current year.
SNBR has been the topic of a number of analyst reports. BidaskClub raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price objective on shares of Sleep Number in a research report on Thursday, September 7th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $38.00 price objective on shares of Sleep Number in a research report on Friday, September 8th. KeyCorp reaffirmed a “hold” rating on shares of Sleep Number in a research report on Friday, September 29th. Finally, Raymond James Financial raised Sleep Number from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $30.67.
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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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