Insider Selling: Sleep Number Corp (NASDAQ:SNBR) SVP Sells 3,062 Shares of Stock

Sleep Number Corp (NASDAQ:SNBR) SVP Joseph Hunter Saklad sold 3,062 shares of Sleep Number stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.91, for a total transaction of $149,762.42.

Shares of SNBR stock traded down $2.35 during trading on Friday, reaching $48.91. The company’s stock had a trading volume of 656,500 shares, compared to its average volume of 596,717. The stock’s 50-day moving average price is $45.07 and its 200 day moving average price is $41.17. Sleep Number Corp has a 1-year low of $30.70 and a 1-year high of $52.15. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.57 and a beta of 1.12.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. Sleep Number had a net margin of 5.08% and a negative return on equity of 60.10%. The firm had revenue of $474.78 million during the quarter, compared to the consensus estimate of $462.06 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Sleep Number’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts anticipate that Sleep Number Corp will post 2.6 EPS for the current fiscal year.

A number of research analysts recently weighed in on SNBR shares. Piper Jaffray Companies lifted their price objective on shares of Sleep Number from $43.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, October 16th. TheStreet upgraded shares of Sleep Number from a “c+” rating to a “b-” rating in a report on Wednesday, October 16th. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Raymond James upgraded shares of Sleep Number from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on shares of Sleep Number from $27.00 to $29.00 and gave the company a “sell” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Sleep Number presently has a consensus rating of “Hold” and a consensus target price of $41.75.

A number of hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new position in Sleep Number during the 2nd quarter worth $43,000. Meeder Asset Management Inc. purchased a new position in Sleep Number during the 2nd quarter worth $85,000. Tower Research Capital LLC TRC raised its position in Sleep Number by 111.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,260 shares of the company’s stock worth $93,000 after buying an additional 1,192 shares during the last quarter. Convergence Investment Partners LLC purchased a new position in Sleep Number during the 2nd quarter worth $190,000. Finally, Pitcairn Co. purchased a new position in Sleep Number during the 2nd quarter worth $205,000.

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.

See Also: Penny Stocks, Risk and Reward Factors

Insider Buying and Selling by Quarter for Sleep Number (NASDAQ:SNBR)

Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit