$331.14 Million in Sales Expected for Sleep Number Corp (SNBR) This Quarter

Wall Street analysts expect Sleep Number Corp (NASDAQ:SNBR) to post $331.14 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Sleep Number’s earnings. The lowest sales estimate is $326.20 million and the highest is $335.40 million. Sleep Number reported sales of $313.45 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Sleep Number will report full-year sales of $331.14 million for the current financial year, with estimates ranging from $1.41 billion to $1.42 billion. For the next financial year, analysts anticipate that the business will report sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.54 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Sleep Number.

Several equities analysts have recently commented on the company. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, January 5th. Finally, Bank of America lowered Sleep Number from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Sleep Number currently has an average rating of “Hold” and a consensus target price of $32.43.

In related news, SVP Patricia Ann Dirks sold 8,560 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $33.90, for a total value of $290,184.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $38.35, for a total value of $306,800.00. The disclosure for this sale can be found here. Insiders have sold 32,560 shares of company stock valued at $1,174,984 over the last ninety days. Corporate insiders own 4.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Sleep Number in the 4th quarter worth approximately $114,000. PNC Financial Services Group Inc. grew its holdings in Sleep Number by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after buying an additional 3,124 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Sleep Number by 75.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after buying an additional 1,820 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Sleep Number in the 4th quarter worth approximately $184,000. Finally, LS Investment Advisors LLC bought a new position in Sleep Number in the 4th quarter worth approximately $201,000.

Shares of Sleep Number (NASDAQ:SNBR) opened at $35.17 on Monday. The firm has a market capitalization of $1,400.43, a PE ratio of 24.94, a P/E/G ratio of 0.92 and a beta of 0.74. Sleep Number has a fifty-two week low of $20.74 and a fifty-two week high of $40.72.

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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.

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