Sleep Number Corp (NASDAQ:SNBR) – Investment analysts at KeyCorp lifted their Q4 2018 earnings per share (EPS) estimates for shares of Sleep Number in a report issued on Wednesday, October 24th. KeyCorp analyst B. Thomas now expects that the company will earn $0.72 per share for the quarter, up from their prior forecast of $0.44.

SNBR has been the subject of several other research reports. ValuEngine raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday. BidaskClub raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Piper Jaffray Companies downgraded shares of Sleep Number from an “overweight” rating to a “neutral” rating in a research note on Thursday, July 26th. TheStreet downgraded shares of Sleep Number from a “b-” rating to a “c” rating in a research note on Thursday, July 26th. Finally, Zacks Investment Research raised shares of Sleep Number from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.25.

Sleep Number stock opened at $34.03 on Monday. Sleep Number has a fifty-two week low of $26.22 and a fifty-two week high of $40.72. The company has a market cap of $1.19 billion, a PE ratio of 22.84, a P/E/G ratio of 1.01 and a beta of 1.16.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.71 by ($0.19). Sleep Number had a net margin of 3.93% and a return on equity of 490.11%. The company had revenue of $438.78 million for the quarter, compared to the consensus estimate of $410.90 million.

A number of hedge funds have recently modified their holdings of SNBR. Vulcan Value Partners LLC increased its holdings in Sleep Number by 56.6% during the second quarter. Vulcan Value Partners LLC now owns 4,974,464 shares of the company’s stock valued at $144,359,000 after buying an additional 1,797,074 shares during the period. River Road Asset Management LLC increased its holdings in Sleep Number by 35.4% during the second quarter. River Road Asset Management LLC now owns 749,107 shares of the company’s stock valued at $21,739,000 after buying an additional 195,713 shares during the period. Boston Advisors LLC purchased a new position in Sleep Number during the second quarter valued at approximately $4,398,000. Dalton Greiner Hartman Maher & Co. increased its holdings in Sleep Number by 19.4% during the second quarter. Dalton Greiner Hartman Maher & Co. now owns 611,102 shares of the company’s stock valued at $17,734,000 after buying an additional 99,296 shares during the period. Finally, First Trust Advisors LP purchased a new position in Sleep Number during the second quarter valued at approximately $2,568,000.

In related news, SVP Joseph Hunter Saklad sold 7,912 shares of Sleep Number stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $31.05, for a total transaction of $245,667.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shelly Radue Ibach sold 10,000 shares of Sleep Number stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

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

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Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

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