Sleep Number (SNBR) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sleep Number in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SNBR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SNBR, but not buy additional shares or sell existing shares.
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3 brokers have issued 12 month price objectives for Sleep Number's shares. Their SNBR share price forecasts range from $27.00 to $34.00. On average, they anticipate the company's stock price to reach $30.33 in the next year. This suggests a possible upside of 62.4% from the stock's current price.
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Sleep Number's stock was trading at $25.98 on January 1st, 2023. Since then, SNBR stock has decreased by 28.1% and is now trading at $18.68.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Sleep Number Co. (NASDAQ:SNBR) issued its earnings results on Wednesday, April, 26th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. The company had revenue of $526.53 million for the quarter, compared to analyst estimates of $533.11 million. Sleep Number had a negative trailing twelve-month return on equity of 10.55% and a net margin of 2.18%. Sleep Number's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS.

ETFs with the largest weight of Sleep Number (NASDAQ:SNBR) stock in their portfolio include Hoya Capital Housing ETF (HOMZ), Hypatia Women CEO ETF (WCEO), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Cultivar ETF (CVAR), Invesco Nasdaq Future Gen 200 ETF (QQQS), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Principal Millennial Global Growth ETF (GENY).

Sleep Number issued an update on its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of $1.25-$2.00 for the period, compared to the consensus EPS estimate of $1.58. The company issued revenue guidance of -.

383 employees have rated Sleep Number Chief Executive Officer Shelly Ibach on Glassdoor.com. Shelly Ibach has an approval rating of 75% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sleep Number investors own include AbbVie (ABBV), Intel (INTC), Micron Technology (MU), UnitedHealth Group (UNH), Alibaba Group (BABA), Netflix (NFLX), Advanced Micro Devices (AMD), Cisco Systems (CSCO), NVIDIA (NVDA) and Broadcom (AVGO).

Sleep Number trades on the NASDAQ under the ticker symbol "SNBR."

Sleep Number's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.08%), Van Lanschot Kempen Investment Management N.V. (6.05%), Thrivent Financial for Lutherans (4.03%), State Street Corp (3.71%), Dimensional Fund Advisors LP (3.08%) and River Road Asset Management LLC (2.82%). Insiders that own company stock include Brenda J Lauderback, Christopher D Krusmark, Daniel Alegre, Deborah L Kilpatrick, Jean Michel Valette, Joseph Hunter Saklad, Kathleen L Nedorostek, Kevin Kennedy Brown, Melissa Barra, Michael J Harrison, Samuel R Hellfeld, Shelly Radue Ibach and Stephen L Gulis Jr.
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Shares of SNBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SNBR stock can currently be purchased for approximately $18.68.

Sleep Number (NASDAQ:SNBR) has a market capitalization of $414.32 million and generates $2.11 billion in revenue each year. The company earns $36.61 million in net income (profit) each year or $2.03 on an earnings per share basis.

The company employs 5,115 workers across the globe.

Sleep Number's mailing address is 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN, 55404. The official website for the company is www.sleepnumber.com. The company can be reached via phone at (763) 551-7000, via email at investorrelations@sleepnumber.com, or via fax at 763-551-7123.