Sleep Number Co. (NASDAQ:SNBR – Get Rating) Director Brenda J. Lauderback sold 6,107 shares of the company's stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $37.01, for a total transaction of $226,020.07. Following the completion of the sale, the director now owns 34,966 shares in the company, valued at approximately $1,294,091.66. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Sleep Number Stock Performance

Sleep Number stock opened at $38.93 on Thursday. The company has a 50 day moving average price of $32.53 and a 200 day moving average price of $34.06. Sleep Number Co. has a 52 week low of $23.60 and a 52 week high of $67.22. The firm has a market capitalization of $856.85 million, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.16 and a beta of 1.91.

Sleep Number (NASDAQ:SNBR – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Sleep Number had a negative return on equity of 8.19% and a net margin of 1.73%. The company had revenue of $497.53 million during the quarter, compared to analysts' expectations of $495.75 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts forecast that Sleep Number Co. will post 1.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SNBR. UBS Group raised their price target on shares of Sleep Number from $31.00 to $34.00 and gave the company a "neutral" rating in a research note on Thursday, February 23rd. Wedbush raised their price target on shares of Sleep Number from $27.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, February 23rd. Finally, Piper Sandler increased their price objective on shares of Sleep Number from $26.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, Sleep Number has an average rating of "Hold" and a consensus target price of $37.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DDFG Inc bought a new position in shares of Sleep Number during the 4th quarter valued at $330,000. Voya Investment Management LLC grew its position in Sleep Number by 8.8% in the 4th quarter. Voya Investment Management LLC now owns 12,486 shares of the company's stock worth $324,000 after purchasing an additional 1,005 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Sleep Number by 272.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 9,262 shares of the company's stock worth $241,000 after purchasing an additional 6,777 shares during the last quarter. Chimera Capital Management LLC grew its position in Sleep Number by 139.3% in the 4th quarter. Chimera Capital Management LLC now owns 62,684 shares of the company's stock worth $1,629,000 after purchasing an additional 36,491 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its position in Sleep Number by 44.2% in the 4th quarter. State of Wisconsin Investment Board now owns 30,638 shares of the company's stock worth $796,000 after purchasing an additional 9,394 shares during the last quarter.

About Sleep Number

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Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.

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