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 products 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 and 360 names. The company sells its products directly to consumers through retail, online, phone, and chat as well as through wholesale. As of January 2, 2021, it operated approximately 602 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

Overall MarketRank^™

1.44 out of 5 stars

Consumer Discretionary Sector

147th out of 572 stocks

Household Furniture Industry

6th out of 14 stocks

2.1 Analyst's Opinion

Consensus Rating
Sleep Number has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 2 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $129.50, Sleep Number has a forecasted upside of 15.8% from its current price of $111.80.
Amount of Analyst Coverage
Sleep Number has only been the subject of 3 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Sleep Number has received 414 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sleep Number has received 538 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sleep Number has received 56.51% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Sleep Number and other stocks. Vote “Outperform” if you believe SNBR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SNBR will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Sleep Number does not currently pay a dividend.
Dividend Growth
Sleep Number does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sleep Number insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,987,878.00 in company stock.
Percentage Held by Insiders
Only 6.00% of the stock of Sleep Number is held by insiders.
Percentage Held by Institutions
94.32% of the stock of Sleep Number is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Sleep Number are expected to grow by 6.08% in the coming year, from $4.11 to $4.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sleep Number is 31.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.05.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sleep Number is 31.76, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 42.91.
Price to Earnings Growth Ratio
Sleep Number has a PEG Ratio of 1.09. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

Sleep Number (NASDAQ:SNBR) Frequently Asked Questions

Is Sleep Number a buy right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sleep Number in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Sleep Number stock. 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.
View analyst ratings for Sleep Number or view top-rated stocks.

What stocks does MarketBeat like better than Sleep Number?

Wall Street analysts have given Sleep Number a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sleep Number wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Sleep Number's next earnings date?

Sleep Number is scheduled to release its next quarterly earnings announcement on Wednesday, July 21st 2021.
View our earnings forecast for Sleep Number.

How were Sleep Number's earnings last quarter?

Sleep Number Co. (NASDAQ:SNBR) issued its earnings results on Tuesday, April, 20th. The company reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.68. The business earned $568.26 million during the quarter, compared to analyst estimates of $582.34 million. Sleep Number had a negative trailing twelve-month return on equity of 70.15% and a net margin of 5.89%. The business's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share.
View Sleep Number's earnings history.

How has Sleep Number's stock price been impacted by COVID-19 (Coronavirus)?

Sleep Number's stock was trading at $38.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SNBR stock has increased by 193.1% and is now trading at $111.82.
View which stocks have been most impacted by COVID-19.

What guidance has Sleep Number issued on next quarter's earnings?

Sleep Number updated its FY 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 6.500- for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.100. The company issued revenue guidance of -.

What price target have analysts set for SNBR?

6 Wall Street analysts have issued twelve-month price targets for Sleep Number's stock. Their forecasts range from $88.00 to $165.00. On average, they anticipate Sleep Number's stock price to reach $129.50 in the next twelve months. This suggests a possible upside of 15.8% from the stock's current price.
View analysts' price targets for Sleep Number or view top-rated stocks among Wall Street analysts.

Who are Sleep Number's key executives?

Sleep Number's management team includes the following people:

Ms. Shelly R. Ibach, CEO, Pres & Exec. Director (Age 61, Pay $4.24M)
Mr. David R. Callen, Exec. VP & CFO (Age 54, Pay $1.33M)
Mr. Kevin Kennedy Brown, Exec. VP & Chief Marketing Officer (Age 52, Pay $1.22M)
Ms. Melissa Barra, Exec. VP & Chief Sales and Services Officer (Age 48, Pay $1.12M)
Ms. Andrea Lee Bloomquist, Exec. VP & Chief Innovation Officer (Age 51, Pay $1.27M)
Mr. Joseph Hunter Saklad, Sr. VP, Chief Information Officer & Interim Chief Operations, Supply Chain and Lean Officer (Age 51)
Mr. Robert Joseph Poirier, Chief Accounting Officer, VP & Treasurer
Mr. David W. Schwantes, VP of Fin., Investor Relations & Decision Support
Mr. Samuel R. Hellfeld, Sr. VP, Chief Legal & Risk Officer and Sec.
Ms. Patricia Ann Dirks, Chief HR Officer & Sr. VP (Age 64)

What is Shelly Ibach's approval rating as Sleep Number's CEO?

383 employees have rated Sleep Number CEO Shelly Ibach on Glassdoor.com. Shelly Ibach has an approval rating of 75% among Sleep Number's employees.

Who are some of Sleep Number's key competitors?

Some companies that are related to Sleep Number include Tempur Sealy International (TPX), Leggett & Platt (LEG), Purple Innovation (PRPL), La-Z-Boy (LZB), Compass Diversified (CODI), Hooker Furniture (HOFT), Kimball International (KBAL), Casper Sleep (CSPR), Flexsteel Industries (FLXS), Natuzzi (NTZ), Nova LifeStyle (NVFY), Luvu Brands (LUVU) and The Rowe Companies (ROWC).
View all of SNBR's competitors.

What other stocks do shareholders of Sleep Number own?

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).

What is Sleep Number's stock symbol?

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

Who are Sleep Number's major shareholders?

Sleep Number's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (4.14%), Alliancebernstein L.P. (3.74%), Hennessy Advisors Inc. (0.63%), Rhumbline Advisers (0.34%), Schwarz Dygos Wheeler Investment Advisors LLC (0.33%) and Swiss National Bank (0.26%). Company insiders that own Sleep Number stock include Andrea Lee Bloomquist, Brenda J Lauderback, David R Callen, Deborah L Kilpatrick, Jean Michel Valette, Joseph Hunter Saklad, Kathleen L Nedorostek, Kevin Kennedy Brown, Melissa Barra, Michael A Peel, Michael J Harrison, Patricia Ann Dirks, Robert Joseph Poirier, Samuel R Hellfeld, Shelly Radue Ibach and Stephen L Gulis Jr.
View institutional ownership trends for Sleep Number.

Which major investors are selling Sleep Number stock?

SNBR stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., LSV Asset Management, Bridge City Capital LLC, State of New Jersey Common Pension Fund D, Hennessy Advisors Inc., New York State Teachers Retirement System, Los Angeles Capital Management LLC, and Robeco Institutional Asset Management B.V.. Company insiders that have sold Sleep Number company stock in the last year include Brenda J Lauderback, 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.
View insider buying and selling activity for Sleep Number or view top insider-selling stocks.

Which major investors are buying Sleep Number stock?

SNBR stock was purchased by a variety of institutional investors in the last quarter, including Sigma Planning Corp, Aubrey Capital Management Ltd, Ballew Advisors Inc, Blueshift Asset Management LLC, Victory Capital Management Inc., Strs Ohio, Schwarz Dygos Wheeler Investment Advisors LLC, and Everence Capital Management Inc..
View insider buying and selling activity for Sleep Number or or view top insider-buying stocks.

How do I buy shares of Sleep Number?

Shares of SNBR 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.
Compare Top Brokerages Here.

What is Sleep Number's stock price today?

One share of SNBR stock can currently be purchased for approximately $111.82.

How much money does Sleep Number make?

Sleep Number has a market capitalization of $2.77 billion and generates $1.70 billion in revenue each year. The company earns $81.85 million in net income (profit) each year or $2.70 on an earnings per share basis.

How many employees does Sleep Number have?

Sleep Number employs 5,000 workers across the globe.

What is Sleep Number's official website?

The official website for Sleep Number is www.sleepnumber.com.

Where are Sleep Number's headquarters?

Sleep Number is headquartered at 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN, 55404.

How can I contact Sleep Number?

Sleep Number's mailing address is 1001 THIRD AVENUE SOUTH, MINNEAPOLIS MN, 55404. The company can be reached via phone at 763-551-7000 or via email at [email protected]

This page was last updated on 5/7/2021 by MarketBeat.com Staff

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