Sleep Number (NASDAQ:SNBR) – Equities researchers at Wedbush reduced their FY2018 EPS estimates for shares of Sleep Number in a research report issued on Thursday, April 19th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $1.76 for the year, down from their prior forecast of $1.82.
Several other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Sleep Number from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Stifel Nicolaus restated a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. BidaskClub lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America decreased their target price on shares of Sleep Number from $27.00 to $25.00 and set an “underperform” rating on the stock in a research report on Thursday, April 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Sleep Number currently has an average rating of “Hold” and a consensus price target of $32.75.
Shares of NASDAQ SNBR opened at $29.57 on Monday. The firm has a market cap of $1,130.94, a price-to-earnings ratio of 19.85, a P/E/G ratio of 0.91 and a beta of 0.82. Sleep Number has a one year low of $28.23 and a one year high of $40.72.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, April 18th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.04). The firm had revenue of $389.00 million during the quarter, compared to analyst estimates of $396.68 million. Sleep Number had a net margin of 4.25% and a return on equity of 74.14%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share.
In related news, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $37.26, for a total value of $298,080.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Kevin Kennedy Brown sold 4,500 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.37, for a total transaction of $163,665.00. The disclosure for this sale can be found here. Insiders have sold a total of 41,545 shares of company stock worth $1,491,216 over the last 90 days. Insiders own 4.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Sleep Number in the 4th quarter worth about $3,026,000. Sterling Capital Management LLC purchased a new stake in shares of Sleep Number in the 4th quarter worth about $935,000. MetLife Investment Advisors LLC purchased a new stake in shares of Sleep Number in the 4th quarter worth about $645,000. Gotham Asset Management LLC purchased a new stake in shares of Sleep Number in the 4th quarter worth about $563,000. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Sleep Number in the 4th quarter worth about $465,000.
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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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