In yesterday’s Wall Street session, Sleep Number Corporation (NASDAQ:SNBR) shares traded at $28.37, down -0.84% from the previous session.
As of this writing, 5 analysts cover Sleep Number Corporation (NASDAQ:SNBR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $37.00 and a low of $34.00, we find $36.00. Given the previous closing price of $28.61, this indicates a potential upside of 25.83 percent. SNBR stock price is now -15.47% away from the 50-day moving average and -19.54% away from the 200-day moving average. The market capitalization of the company currently stands at $646.55M.
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There are 5 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $35.67 as their price target over the next twelve months.
With the price target reduced from $62 to $49, Piper Sandler Downgraded its rating from Overweight to Neutral for Sleep Number Corporation (NASDAQ: SNBR). On March 28, 2022, Wedbush Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $80 to quote $54, while ‘UBS’ rates the stock as ‘Neutral’.
In other news, Hellfeld Samuel R, EVP Chief Legal & Risk Officer sold 1,051 shares of the company’s stock on Feb 28. The stock was sold for $41,099 at an average price of $39.10. Upon completion of the transaction, the EVP Chief Legal & Risk Officer now directly owns 15,061 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24, Director LAUDERBACK BRENDA J sold 6,107 shares of the business’s stock. A total of $226,005 was realized by selling the stock at an average price of $37.01. This leaves the insider owning 34,966 shares of the company worth $0.99 million. Insiders disposed of 151,130 shares of company stock worth roughly $4.29 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SNBR stock. A new stake in Sleep Number Corporation shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $5,232,000. BRIDGEWAY CAPITAL MANAGEMENT, LLC invested $3,973,000 in shares of SNBR during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Sleep Number Corporation valued at approximately $2,289,000. JUPITER ASSET MANAGEMENT LTD acquired a new stake in SNBR for approximately $1,743,000. WALLEYE CAPITAL LLC purchased a new stake in SNBR valued at around $1,027,000 in the second quarter.
Tuesday morning saw Sleep Number Corporation (NASDAQ: SNBR) opened at $30.00. During the past 12 months, Sleep Number Corporation has had a low of $23.60 and a high of $65.65. The fifty day moving average price for SNBR is $33.60 and a two-hundred day moving average price translates $35.18 for the stock.
The latest earnings results from Sleep Number Corporation (NASDAQ: SNBR) was released for Sep, 2022. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.06 by 0.16. This compares to $0.55 EPS in the same period last year. The net profit margin was 1.70% and return on equity was -8.20% for SNBR. The company reported revenue of $497.53 million for the quarter, compared to $491.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.13 percent. For the current quarter, analysts expect SNBR to generate $495.69M in revenue.
Sleep Number Corporation(SNBR) Company Profile
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
