Sleep Number Co. (NASDAQ:SNBR) Director Michael J. Harrison sold 5,366 shares of the firm's stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $118.69, for a total value of $636,890.54.
SNBR stock traded up $4.75 during mid-day trading on Monday, reaching $126.68. 619,726 shares of the company traded hands, compared to its average volume of 432,248. The firm's 50 day moving average price is $103.42 and its 200 day moving average price is $71.29. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 34.64, a P/E/G ratio of 1.09 and a beta of 2.07. Sleep Number Co. has a fifty-two week low of $15.27 and a fifty-two week high of $135.50.
Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Tuesday, February 16th. The company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.66. Sleep Number had a negative return on equity of 70.15% and a net margin of 5.89%. On average, equities analysts predict that Sleep Number Co. will post 4.11 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in shares of Sleep Number by 70.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock worth $626,000 after buying an additional 5,270 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Sleep Number by 10.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,255 shares of the company's stock valued at $453,000 after purchasing an additional 850 shares during the last quarter. LSV Asset Management raised its stake in shares of Sleep Number by 2.2% during the 3rd quarter. LSV Asset Management now owns 1,321,237 shares of the company's stock worth $64,621,000 after purchasing an additional 28,413 shares during the period. Alberta Investment Management Corp purchased a new position in shares of Sleep Number in the 3rd quarter worth about $284,000. Finally, KBC Group NV increased its holdings in Sleep Number by 6.7% during the third quarter. KBC Group NV now owns 4,213 shares of the company's stock worth $206,000 after buying an additional 266 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.
SNBR has been the topic of several analyst reports. Bank of America cut Sleep Number from a "neutral" rating to an "underperform" rating and upped their target price for the company from $73.00 to $88.00 in a report on Thursday, February 4th. Wedbush upped their price target on shares of Sleep Number from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday. Piper Sandler increased their price target on Sleep Number from $108.00 to $165.00 in a report on Thursday. UBS Group upgraded Sleep Number from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $65.00 to $135.00 in a report on Thursday. Finally, Stifel Nicolaus reissued a "buy" rating on shares of Sleep Number in a research note on Tuesday, January 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Sleep Number currently has a consensus rating of "Hold" and an average target price of $112.20.
About Sleep Number
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding product under the Sleep Number name. It also offers adjustable bases under the FlextFit name; temperature-balancing products, including DualTemp layer; SleepIQ Kids k2 beds for kids; and smart beds under the Sleep Number 360 brand name.
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