Sleep Number Corp (NASDAQ:SNBR) Director Stephen L. Gulis, Jr. sold 14,495 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $48.91, for a total value of $708,950.45.
Shares of Sleep Number stock traded down $2.35 during trading hours on Friday, reaching $48.91. 656,500 shares of the company’s stock were exchanged, compared to its average volume of 596,717. The stock has a market cap of $1.38 billion, a P/E ratio of 25.47, a P/E/G ratio of 1.57 and a beta of 1.12. The company has a 50 day moving average of $45.07 and a two-hundred day moving average of $41.17. Sleep Number Corp has a fifty-two week low of $30.70 and a fifty-two week high of $52.15.
Sleep Number (NASDAQ:SNBR) last released its earnings results on Tuesday, October 15th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.15. The business had revenue of $474.78 million for the quarter, compared to analyst estimates of $462.06 million. Sleep Number had a net margin of 5.08% and a negative return on equity of 60.10%. Sleep Number’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Equities analysts predict that Sleep Number Corp will post 2.6 earnings per share for the current year.
A number of equities analysts have issued reports on the company. UBS Group increased their target price on Sleep Number from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Wednesday, October 16th. TheStreet upgraded Sleep Number from a “c+” rating to a “b-” rating in a report on Wednesday, October 16th. Raymond James upgraded Sleep Number from a “market perform” rating to an “outperform” rating and set a $48.00 target price for the company in a report on Wednesday, October 9th. Piper Jaffray Companies increased their target price on Sleep Number from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Finally, BidaskClub cut Sleep Number from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Sleep Number has a consensus rating of “Hold” and an average price target of $41.75.
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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