Sleep Number Corp (SNBR) Given Consensus Recommendation of “Hold” by Brokerages

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.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Sleep Number by 0.6% in the second quarter. BlackRock Inc. now owns 5,199,396 shares of the company’s stock valued at $184,526,000 after purchasing an additional 32,977 shares during the period. Vanguard Group Inc. grew its position in shares of Sleep Number by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after purchasing an additional 140,801 shares during the period. Disciplined Growth Investors Inc. MN acquired a new stake in shares of Sleep Number in the third quarter valued at about $114,107,000. Arrowstreet Capital Limited Partnership grew its position in shares of Sleep Number by 856.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock valued at $37,797,000 after purchasing an additional 953,666 shares during the period. Finally, River Road Asset Management LLC grew its position in shares of Sleep Number by 2.5% in the third quarter. River Road Asset Management LLC now owns 884,694 shares of the company’s stock valued at $27,470,000 after purchasing an additional 21,340 shares during the period.

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.

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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.

Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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