Sleep Number (NASDAQ:SNBR)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $47.00 price target on the stock, up from their previous price target of $40.00. Stifel Nicolaus’ price objective would indicate a potential upside of 35.29% from the company’s current price.
SNBR has been the topic of a number of other research reports. Zacks Investment Research cut shares of Sleep Number from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Bank of America cut shares of Sleep Number from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.00.
Sleep Number (NASDAQ SNBR) opened at $34.74 on Friday. Sleep Number has a 1 year low of $21.52 and a 1 year high of $40.72. The firm has a market cap of $1,463.35, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 1.06 and a beta of 0.74.
In other news, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $34.99, for a total transaction of $279,920.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 24,000 shares of company stock valued at $884,800 over the last three months. Insiders own 4.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of SNBR. BlackRock Inc. purchased a new stake in shares of Sleep Number during the fourth quarter valued at $188,325,000. Vulcan Value Partners LLC purchased a new stake in shares of Sleep Number during the fourth quarter valued at $156,698,000. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Sleep Number during the third quarter valued at $114,107,000. Alliancebernstein L.P. purchased a new stake in shares of Sleep Number during the fourth quarter valued at $59,928,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Sleep Number during the fourth quarter valued at $27,020,000.
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Sleep Number Company Profile
Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.
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