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Sleep Number Co. (NASDAQ:SNBR) Director Sells $226,020.07 in Stock

Financial News Live ·  Mar 3, 2023 19:02

Sleep Number Co. (NASDAQ:SNBR – Get Rating) Director Brenda J. Lauderback sold 6,107 shares of Sleep Number stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $37.01, for a total transaction of $226,020.07. Following the transaction, the director now directly owns 34,966 shares in the company, valued at approximately $1,294,091.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sleep Number Stock Performance

Shares of SNBR opened at $36.27 on Friday. Sleep Number Co. has a twelve month low of $23.60 and a twelve month high of $67.22. The firm has a market cap of $798.45 million, a P/E ratio of 22.53, a PEG ratio of 1.23 and a beta of 1.86. The firm's 50 day moving average price is $32.76 and its two-hundred day moving average price is $34.08.

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Sleep Number (NASDAQ:SNBR – Get Rating) last posted its quarterly earnings data 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 net margin of 1.73% and a negative return on equity of 8.19%. The business had revenue of $497.53 million during the quarter, compared to analyst estimates of $495.75 million. During the same quarter last year, the business earned $0.47 earnings per share. Sleep Number's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Sleep Number Co. will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SNBR. Piper Sandler lifted their price target on shares of Sleep Number from $26.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, February 2nd. Wedbush lifted 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, UBS Group lifted 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. One research 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, Sleep Number presently has a consensus rating of "Hold" and an average target price of $37.75.

Institutional Trading of Sleep Number

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Sleep Number by 0.6% in the first quarter. BlackRock Inc. now owns 3,535,447 shares of the company's stock valued at $179,282,000 after purchasing an additional 20,996 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Sleep Number by 79.9% in the second quarter. Thrivent Financial for Lutherans now owns 834,182 shares of the company's stock valued at $25,818,000 after purchasing an additional 370,618 shares during the last quarter. State Street Corp raised its holdings in shares of Sleep Number by 1.2% in the second quarter. State Street Corp now owns 741,449 shares of the company's stock valued at $22,948,000 after purchasing an additional 9,027 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sleep Number by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 719,401 shares of the company's stock worth $36,483,000 after buying an additional 2,805 shares during the last quarter. Finally, River Road Asset Management LLC increased its holdings in Sleep Number by 1.8% during the fourth quarter. River Road Asset Management LLC now owns 624,465 shares of the company's stock worth $16,224,000 after buying an additional 11,090 shares during the last quarter.

Sleep Number Company Profile

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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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