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

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Shares of Sleep Number Corp (NASDAQ:SNBR) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.33.

Several equities analysts have recently commented on SNBR shares. BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. Stifel Nicolaus lowered their price target on shares of Sleep Number from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, July 26th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. TheStreet cut shares of Sleep Number from a “c” rating to a “d-” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday.

In related news, insider Shelly Radue Ibach sold 10,000 shares of Sleep Number stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Hunter Saklad sold 7,912 shares of Sleep Number stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $31.05, for a total transaction of $245,667.60. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC lifted its stake in shares of Sleep Number by 36.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock valued at $185,000 after purchasing an additional 1,700 shares during the last quarter. Tyers Asset Management LLC lifted its stake in shares of Sleep Number by 37.6% in the 2nd quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock valued at $202,000 after purchasing an additional 1,904 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Sleep Number by 37.6% in the 2nd quarter. Flinton Capital Management LLC now owns 8,466 shares of the company’s stock valued at $246,000 after purchasing an additional 2,312 shares during the last quarter. Balter Liquid Alternatives LLC lifted its stake in shares of Sleep Number by 9.9% in the 2nd quarter. Balter Liquid Alternatives LLC now owns 38,246 shares of the company’s stock valued at $1,142,000 after purchasing an additional 3,454 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of Sleep Number by 19.9% in the 2nd quarter. Schroder Investment Management Group now owns 28,081 shares of the company’s stock valued at $837,000 after purchasing an additional 4,652 shares during the last quarter.

NASDAQ SNBR opened at $36.37 on Thursday. Sleep Number has a twelve month low of $26.22 and a twelve month high of $40.72. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.08 and a beta of 1.16.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Wednesday, October 24th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.19). Sleep Number had a return on equity of 490.11% and a net margin of 3.93%. The firm had revenue of $438.78 million for the quarter, compared to analysts’ expectations of $410.90 million. As a group, equities analysts anticipate that Sleep Number will post 1.77 earnings per share for the current year.

About Sleep Number

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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