Sleep Number Corp (NASDAQ:SNBR) Director Stephen L. Gulis, Jr. sold 9,902 shares of the company’s stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $64.62, for a total transaction of $639,867.24. Following the completion of the transaction, the director now owns 28,896 shares of the company’s stock, valued at approximately $1,867,259.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of SNBR stock opened at $62.87 on Thursday. Sleep Number Corp has a 52 week low of $15.27 and a 52 week high of $67.30. The stock has a market capitalization of $1.75 billion, a PE ratio of 17.86, a P/E/G ratio of 1.89 and a beta of 2.16. The firm has a 50 day moving average of $53.58 and a two-hundred day moving average of $42.89.
Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Monday, October 19th. The company reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.73. Sleep Number had a net margin of 5.89% and a negative return on equity of 70.15%. The company had revenue of $531.16 million during the quarter, compared to analysts’ expectations of $515.82 million. During the same quarter last year, the company posted $0.94 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts predict that Sleep Number Corp will post 4.06 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of Sleep Number from $31.00 to $44.00 and gave the stock an “underperform” rating in a research report on Thursday, October 15th. Piper Sandler increased their price target on shares of Sleep Number from $70.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, October 15th. BidaskClub raised shares of Sleep Number from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Raymond James reaffirmed a “hold” rating on shares of Sleep Number in a research report on Thursday, July 16th. Finally, Wedbush reaffirmed a “neutral” rating on shares of Sleep Number in a research report on Monday, October 12th. Four analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.83.
Sleep Number Company Profile
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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