Sleep Number (SNBR) Projected to Post Earnings on Wednesday

Sleep Number (NASDAQ:SNBR - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect Sleep Number to post earnings of ($0.12) per share and revenue of $357.42 million for the quarter.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.27). The business had revenue of $393.26 million during the quarter, compared to the consensus estimate of $397.95 million. During the same period in the prior year, the company earned ($0.33) earnings per share. Sleep Number's revenue was down 16.4% on a year-over-year basis. On average, analysts expect Sleep Number to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Sleep Number Stock Down 1.4%

Shares of NASDAQ:SNBR traded down $0.12 on Friday, reaching $8.28. The company had a trading volume of 1,144,721 shares, compared to its average volume of 546,052. Sleep Number has a twelve month low of $4.48 and a twelve month high of $20.75. The stock has a 50-day moving average price of $8.26 and a 200 day moving average price of $9.95. The stock has a market capitalization of $187.62 million, a P/E ratio of -8.72 and a beta of 1.72.

Insider Activity

In other news, CFO Francis K. Lee purchased 7,200 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $7.12 per share, with a total value of $51,264.00. Following the acquisition, the chief financial officer directly owned 92,970 shares in the company, valued at approximately $661,946.40. The trade was a 8.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Linda Findley purchased 61,020 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was purchased at an average cost of $7.12 per share, with a total value of $434,462.40. Following the acquisition, the chief executive officer owned 604,106 shares in the company, valued at approximately $4,301,234.72. This represents a 11.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. 7.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sleep Number

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Sleep Number by 283.3% in the 1st quarter. AQR Capital Management LLC now owns 403,061 shares of the company's stock valued at $2,555,000 after purchasing an additional 297,916 shares during the period. Royal Bank of Canada grew its stake in shares of Sleep Number by 20.1% in the 1st quarter. Royal Bank of Canada now owns 355,843 shares of the company's stock valued at $2,256,000 after purchasing an additional 59,510 shares during the period. Acadian Asset Management LLC grew its stake in shares of Sleep Number by 1,009.4% in the 1st quarter. Acadian Asset Management LLC now owns 34,304 shares of the company's stock valued at $216,000 after purchasing an additional 31,212 shares during the period. Finally, Strs Ohio bought a new stake in shares of Sleep Number in the 1st quarter valued at approximately $130,000. Institutional investors and hedge funds own 85.67% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SNBR. Piper Sandler cut their price objective on Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Wall Street Zen cut Sleep Number from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, UBS Group set a $7.00 price objective on Sleep Number in a research report on Friday, April 25th.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.