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.
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.
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