Sleep Number Corp (NASDAQ:SNBR) saw unusually large options trading on Tuesday. Stock investors bought 1,766 call options on the stock. This is an increase of approximately 825% compared to the average daily volume of 191 call options.

Shares of Sleep Number (NASDAQ:SNBR) opened at $35.00 on Friday. The stock has a market capitalization of $1,421.14, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.74. Sleep Number has a 52 week low of $19.64 and a 52 week high of $40.72.

Several analysts have issued reports on SNBR shares. Zacks Investment Research raised Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Friday, January 5th. Bank of America set a $33.00 target price on Sleep Number and gave the stock a “hold” rating in a research note on Wednesday, October 18th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Sleep Number has a consensus rating of “Hold” and an average target price of $32.43.

In other news, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was 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 is accessible through this hyperlink. Also, SVP Patricia Ann Dirks sold 8,560 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $33.90, for a total value of $290,184.00. The disclosure for this sale can be found here. Insiders have sold 32,560 shares of company stock valued at $1,174,984 in the last three months. 4.00% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Sleep Number by 0.6% in the second quarter. BlackRock Inc. now owns 5,199,396 shares of the company’s stock valued at $184,526,000 after purchasing an additional 32,977 shares during the last quarter. Amalgamated Bank bought a new stake in Sleep Number in the second quarter valued at approximately $206,000. PNC Financial Services Group Inc. lifted its position in Sleep Number by 395.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after purchasing an additional 3,124 shares during the last quarter. Vanguard Group Inc. lifted its position in Sleep Number by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after purchasing an additional 140,801 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new stake in Sleep Number in the second quarter valued at approximately $263,000.

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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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