Sleep Number Corp (NASDAQ:SNBR) – Piper Jaffray Companies upped their FY2018 earnings per share (EPS) estimates for Sleep Number in a research report issued on Wednesday, October 24th, Zacks Investment Research reports. Piper Jaffray Companies analyst P. Keith now expects that the company will earn $1.78 per share for the year, up from their previous forecast of $1.69. Piper Jaffray Companies currently has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Sleep Number’s Q4 2018 earnings at $0.73 EPS.
A number of other analysts have also recently issued reports on SNBR. Stifel Nicolaus decreased their target price on Sleep Number from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Zacks Investment Research cut Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. ValuEngine cut Sleep Number from a “hold” rating to a “sell” rating in a report on Saturday, July 28th. Finally, TheStreet cut Sleep Number from a “b-” rating to a “c” rating in a report on Thursday, July 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.25.
Shares of NASDAQ:SNBR traded up $0.31 during trading on Monday, reaching $36.47. 310,642 shares of the stock were exchanged, compared to its average volume of 832,945. Sleep Number has a 12-month low of $26.22 and a 12-month high of $41.05. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.48, a PEG ratio of 1.09 and a beta of 1.27.
Sleep Number (NASDAQ:SNBR) last issued its earnings results on Wednesday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.19). Sleep Number had a return on equity of 490.11% and a net margin of 3.93%. The firm had revenue of $438.78 million for the quarter, compared to analysts’ expectations of $410.90 million.
In related news, EVP Andrew P. Carlin sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $38.86, for a total transaction of $116,580.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shelly Radue Ibach sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $38.00, for a total value of $380,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,006 shares of company stock worth $973,550. Corporate insiders own 4.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vulcan Value Partners LLC increased its position in Sleep Number by 56.6% in the second quarter. Vulcan Value Partners LLC now owns 4,974,464 shares of the company’s stock worth $144,359,000 after buying an additional 1,797,074 shares during the period. Disciplined Growth Investors Inc. MN increased its position in Sleep Number by 1.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 3,651,363 shares of the company’s stock worth $134,297,000 after buying an additional 68,752 shares during the period. River Road Asset Management LLC increased its position in Sleep Number by 35.4% in the second quarter. River Road Asset Management LLC now owns 749,107 shares of the company’s stock worth $21,739,000 after buying an additional 195,713 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in Sleep Number by 6.7% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 651,931 shares of the company’s stock worth $23,978,000 after buying an additional 40,829 shares during the period. Finally, Man Group plc increased its position in Sleep Number by 16.6% in the third quarter. Man Group plc now owns 524,328 shares of the company’s stock worth $19,284,000 after buying an additional 74,591 shares during the period.
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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