Sleep Number (NASDAQ:SNBR) released its quarterly earnings data on Wednesday. The company reported ($0.45) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.67) by $0.22, MarketWatch Earnings reports. Sleep Number had a net margin of 5.48% and a negative return on equity of 59.24%. The company had revenue of $284.94 million during the quarter, compared to the consensus estimate of $233.80 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sleep Number’s revenue for the quarter was down 20.0% on a year-over-year basis.
NASDAQ SNBR opened at $51.73 on Thursday. The stock has a market capitalization of $1.43 billion, a P/E ratio of 15.87, a P/E/G ratio of 3.07 and a beta of 2.23. Sleep Number has a 52-week low of $15.27 and a 52-week high of $61.00. The firm has a 50-day moving average price of $40.54 and a 200 day moving average price of $39.21.
In other Sleep Number news, CEO Shelly Radue Ibach sold 11,169 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $53.70, for a total value of $599,775.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Robert Joseph Poirier sold 2,786 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $30.78, for a total transaction of $85,753.08. The disclosure for this sale can be found here. Insiders have sold 33,955 shares of company stock valued at $1,719,528 over the last three months. 6.00% of the stock is currently owned by corporate insiders.
Several equities analysts have issued reports on the stock. TheStreet upgraded shares of Sleep Number from a “c” rating to a “b-” rating in a research note on Thursday, June 25th. ValuEngine upgraded shares of Sleep Number from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Wedbush increased their target price on shares of Sleep Number from $25.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. UBS Group decreased their target price on shares of Sleep Number from $34.00 to $18.00 and set a “sell” rating for the company in a research note on Monday, March 30th. Finally, BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $43.50.
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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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