Sleep Number Corp (NASDAQ:SNBR) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 5,132,006 shares, an increase of 26.7% from the February 15th total of 4,049,644 shares. Based on an average trading volume of 1,139,396 shares, the days-to-cover ratio is currently 4.5 days.
In other Sleep Number news, SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.35, for a total transaction of $306,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Kevin Kennedy Brown sold 4,500 shares of Sleep Number stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $36.37, for a total value of $163,665.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 41,545 shares of company stock worth $1,517,056. Company insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. American International Group Inc. grew its stake in shares of Sleep Number by 5.5% in the 3rd quarter. American International Group Inc. now owns 32,550 shares of the company’s stock valued at $1,011,000 after buying an additional 1,692 shares in the last quarter. Edge Advisors LLC grew its stake in shares of Sleep Number by 21.2% in the 3rd quarter. Edge Advisors LLC now owns 14,016 shares of the company’s stock valued at $435,000 after buying an additional 2,455 shares in the last quarter. Meadow Creek Investment Management LLC bought a new stake in Sleep Number during the fourth quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Sleep Number during the fourth quarter worth approximately $114,000. Finally, Fagan Associates Inc. bought a new stake in Sleep Number during the fourth quarter worth approximately $211,000.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.13. The business had revenue of $363.28 million during the quarter, compared to analysts’ expectations of $331.72 million. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.25 EPS. equities analysts anticipate that Sleep Number will post 1.88 earnings per share for the current year.
SNBR has been the topic of several research analyst reports. Zacks Investment Research cut Sleep Number from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub cut Sleep Number from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 target price (up previously from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Sleep Number currently has an average rating of “Hold” and a consensus price target of $34.00.
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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