Sleep Number Corp (NASDAQ:SNBR) Director Stephen L. Gulis, Jr. Sells 14,495 Shares

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 hedge funds have recently added to or reduced their stakes in SNBR. Hennessy Advisors Inc. purchased a new stake in shares of Sleep Number during the 2nd quarter valued at approximately $2,472,000. CWM Advisors LLC grew its holdings in shares of Sleep Number by 16.6% during the 2nd quarter. CWM Advisors LLC now owns 5,170 shares of the company’s stock valued at $209,000 after purchasing an additional 737 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in shares of Sleep Number by 9.2% during the 2nd quarter. Eqis Capital Management Inc. now owns 7,477 shares of the company’s stock valued at $302,000 after purchasing an additional 631 shares during the last quarter. Convergence Investment Partners LLC bought a new position in shares of Sleep Number during the 2nd quarter valued at $190,000. Finally, Bridge City Capital LLC grew its holdings in shares of Sleep Number by 0.5% during the 2nd quarter. Bridge City Capital LLC now owns 99,332 shares of the company’s stock valued at $4,012,000 after purchasing an additional 483 shares during the last quarter.

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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