Shelly Radue Ibach Sells 10,000 Shares of Sleep Number Corp (SNBR) Stock

Sleep Number Corp (NASDAQ:SNBR) insider Shelly Radue Ibach sold 10,000 shares of Sleep Number stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shelly Radue Ibach also recently made the following trade(s):

  • On Wednesday, September 19th, Shelly Radue Ibach sold 10,000 shares of Sleep Number stock. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00.

NASDAQ SNBR opened at $39.36 on Friday. Sleep Number Corp has a one year low of $26.22 and a one year high of $41.05. The stock has a market capitalization of $1.29 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.18 and a beta of 1.27.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.19). The business had revenue of $438.78 million during the quarter, compared to analyst estimates of $410.90 million. Sleep Number had a net margin of 3.93% and a return on equity of 490.11%. Analysts anticipate that Sleep Number Corp will post 1.77 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. Piper Jaffray Companies lowered shares of Sleep Number from an “overweight” rating to a “neutral” rating in a report on Thursday, July 26th. Stifel Nicolaus decreased their price target on shares of Sleep Number from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, July 26th. BidaskClub raised shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Saturday, July 21st. ValuEngine raised shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, October 26th. Finally, Zacks Investment Research lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Sleep Number presently has a consensus rating of “Hold” and an average price target of $35.25.

A number of institutional investors have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its stake in Sleep Number by 36.3% during 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 period. Wells Fargo & Company MN boosted its stake in Sleep Number by 3.6% during the 3rd quarter. Wells Fargo & Company MN now owns 53,831 shares of the company’s stock valued at $1,981,000 after purchasing an additional 1,863 shares during the period. Tyers Asset Management LLC boosted its stake in Sleep Number by 37.6% during 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 period. Flinton Capital Management LLC boosted its stake in Sleep Number by 37.6% during 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 period. Finally, Balter Liquid Alternatives LLC boosted its stake in Sleep Number by 9.9% during 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 period.

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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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Insider Buying and Selling by Quarter for Sleep Number (NASDAQ:SNBR)

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