Sleep Number (SNBR) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Sleep Number (NASDAQ:SNBR) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

SNBR has been the subject of several other reports. Bank of America set a $33.00 target price on shares of Sleep Number and gave the stock a hold rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Sleep Number from a hold rating to a sell rating in a research report on Thursday, November 2nd. Finally, ValuEngine raised shares of Sleep Number from a hold rating to a buy rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $34.00.

Shares of Sleep Number (NASDAQ SNBR) opened at $34.74 on Thursday. The company has a market cap of $1,383.31, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.00 and a beta of 0.74. Sleep Number has a 1 year low of $21.52 and a 1 year high of $40.72.

Sleep Number (NASDAQ:SNBR) last posted its earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.13. The company had revenue of $363.28 million during the quarter, compared to the consensus estimate of $331.72 million. Sleep Number had a net margin of 4.51% and a return on equity of 57.51%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.25 earnings per share. equities analysts anticipate that Sleep Number will post 1.89 EPS for the current fiscal year.

In related news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $38.35, for a total transaction of $306,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 24,000 shares of company stock valued at $884,800. 4.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Sleep Number during the 4th quarter worth $188,325,000. Vulcan Value Partners LLC bought a new stake in shares of Sleep Number during the 4th quarter worth $156,698,000. Vanguard Group Inc. boosted its holdings in shares of Sleep Number by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock worth $145,291,000 after buying an additional 140,801 shares during the period. Disciplined Growth Investors Inc. MN bought a new stake in shares of Sleep Number during the 3rd quarter worth $114,107,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Sleep Number during the 4th quarter worth $59,928,000.

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About Sleep Number

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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