ValuEngine upgraded shares of Sleep Number (NASDAQ:SNBR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus decreased their target price on shares of Sleep Number from $47.00 to $43.00 and set a buy rating on the stock in a research report on Thursday, July 26th. BidaskClub upgraded shares of Sleep Number from a hold rating to a buy rating in a research report on Wednesday, August 8th. TheStreet cut shares of Sleep Number from a b- rating to a c rating in a research report on Thursday, July 26th. Piper Jaffray Companies cut shares of Sleep Number from an overweight rating to a neutral rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Sleep Number from a sell rating to a hold rating in a research report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus target price of $36.00.

Shares of NASDAQ SNBR opened at $37.49 on Tuesday. The stock has a market cap of $1.30 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. Sleep Number has a 12-month low of $26.22 and a 12-month high of $40.72.

Sleep Number (NASDAQ:SNBR) last announced its earnings results on Wednesday, July 25th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $316.34 million for the quarter, compared to analysts’ expectations of $314.81 million. Sleep Number had a net margin of 4.47% and a return on equity of 115.80%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS. sell-side analysts anticipate that Sleep Number will post 1.81 earnings per share for the current fiscal year.

In other news, CFO David R. Callen purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were bought at an average cost of $27.88 per share, for a total transaction of $27,880.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Joseph Hunter Saklad sold 7,912 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $31.05, for a total transaction of $245,667.60. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Riverhead Capital Management LLC grew its holdings in Sleep Number by 36.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock valued at $185,000 after purchasing an additional 1,700 shares during the last quarter. Tyers Asset Management LLC grew its holdings in Sleep Number by 37.6% during the 2nd quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock valued at $202,000 after purchasing an additional 1,904 shares during the last quarter. Flinton Capital Management LLC grew its holdings in Sleep Number by 37.6% during the 2nd quarter. Flinton Capital Management LLC now owns 8,466 shares of the company’s stock valued at $246,000 after purchasing an additional 2,312 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Sleep Number by 0.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 353,340 shares of the company’s stock worth $12,420,000 after acquiring an additional 2,695 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in Sleep Number in the 1st quarter worth about $117,000.

About Sleep Number

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 and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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