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 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.
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