Sleep Number Corp (NASDAQ:SNBR) has been given an average recommendation of “Hold” by the ten research firms that are currently covering the firm, Marketbeat.com reports. Two research 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. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.20.
Several research analysts recently issued reports on SNBR shares. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 target price on shares of Sleep Number in a report on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and set a $36.00 target price on shares of Sleep Number in a report on Thursday, September 7th. Zacks Investment Research raised shares of Sleep Number from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America set a $33.00 target price on shares of Sleep Number and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, KeyCorp reissued a “hold” rating on shares of Sleep Number in a report on Friday, September 29th.
In other news, SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.69, for a total value of $261,520.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Patricia Ann Dirks sold 1,000 shares of Sleep Number stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $34.75, for a total transaction of $34,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,560 shares of company stock worth $1,274,574. 4.00% of the stock is owned by company insiders.
Sleep Number (NASDAQ SNBR) opened at $37.87 on Friday. Sleep Number has a fifty-two week low of $18.89 and a fifty-two week high of $38.85. The stock has a market cap of $1,510.00, a price-to-earnings ratio of 26.86, a P/E/G ratio of 1.22 and a beta of 0.60.
Sleep Number (NASDAQ:SNBR) last issued its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $413.89 million. During the same period last year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. analysts anticipate that Sleep Number will post 1.37 earnings per share for the current fiscal year.
Sleep Number Company Profile
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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