Shares of Sleep Number Corp (NASDAQ:SNBR) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.75.

SNBR has been the subject of a number of research reports. Zacks Investment Research raised Sleep Number from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a report on Tuesday, March 12th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. BidaskClub downgraded Sleep Number from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 23rd. TheStreet raised Sleep Number from a “d-” rating to a “c+” rating in a report on Thursday, April 18th. Finally, Barclays initiated coverage on Sleep Number in a report on Monday, January 28th. They set an “equal weight” rating and a $36.00 target price for the company.

In other Sleep Number news, SVP Patricia Ann Dirks sold 6,502 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $49.00, for a total value of $318,598.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David R. Callen purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of $33.57 per share, with a total value of $67,140.00. The disclosure for this purchase can be found here. Insiders have sold 58,074 shares of company stock valued at $2,802,558 in the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Large investors have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new position in Sleep Number in the first quarter valued at approximately $31,000. Coastal Investment Advisors Inc. acquired a new position in Sleep Number in the first quarter valued at approximately $42,000. Premia Global Advisors LLC acquired a new position in Sleep Number in the first quarter valued at approximately $61,000. O Shaughnessy Asset Management LLC acquired a new position in Sleep Number in the first quarter valued at approximately $62,000. Finally, US Bancorp DE lifted its holdings in Sleep Number by 51.0% in the first quarter. US Bancorp DE now owns 1,842 shares of the company’s stock valued at $87,000 after acquiring an additional 622 shares during the period.

Shares of SNBR stock traded up $1.32 during trading hours on Monday, reaching $34.18. 374,826 shares of the company’s stock were exchanged, compared to its average volume of 690,760. Sleep Number has a 1 year low of $26.22 and a 1 year high of $49.56. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.99 and a beta of 1.14.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, April 17th. The company reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Sleep Number had a negative return on equity of 92.30% and a net margin of 4.74%. The business had revenue of $426.45 million for the quarter, compared to analyst estimates of $427.53 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts expect that Sleep Number will post 2.45 earnings per share for the current year.

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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