Sleep Number Co. (NASDAQ:SNBR - Get Free Report) Director Stephen E. Macadam purchased 43,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $12.35 per share, with a total value of $531,050.00. Following the completion of the purchase, the director now owns 102,729 shares in the company, valued at $1,268,703.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Sleep Number Stock Performance
Shares of NASDAQ SNBR opened at $11.74 on Friday. The company has a market cap of $262.11 million, a PE ratio of -7.72 and a beta of 2.05. The firm's 50 day moving average price is $11.36 and its 200-day moving average price is $12.83. Sleep Number Co. has a 52-week low of $8.13 and a 52-week high of $30.72.
Sleep Number (NASDAQ:SNBR - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.44) by $0.22. The business had revenue of $408.40 million for the quarter, compared to analysts' expectations of $415.05 million. The business's revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, analysts forecast that Sleep Number Co. will post -0.02 earnings per share for the current fiscal year.
Analyst Ratings Changes
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SNBR has been the topic of a number of recent research reports. Wedbush reaffirmed a "neutral" rating and set a $13.50 target price on shares of Sleep Number in a research note on Thursday, April 25th. StockNews.com lowered Sleep Number from a "buy" rating to a "hold" rating in a research report on Friday. UBS Group lifted their price objective on Sleep Number from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, April 25th. Finally, Piper Sandler cut their target price on Sleep Number from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, August 1st.
Get Our Latest Research Report on SNBR
Institutional Investors Weigh In On Sleep Number
Several institutional investors have recently modified their holdings of SNBR. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sleep Number by 27.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company's stock valued at $77,000 after acquiring an additional 1,114 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in Sleep Number by 105.5% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company's stock valued at $1,741,000 after purchasing an additional 60,280 shares during the period. Russell Investments Group Ltd. boosted its holdings in Sleep Number by 85.2% in the fourth quarter. Russell Investments Group Ltd. now owns 46,154 shares of the company's stock worth $684,000 after purchasing an additional 21,233 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sleep Number by 29.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 802,190 shares of the company's stock worth $11,896,000 after purchasing an additional 184,038 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Sleep Number by 22.5% during the 4th quarter. BNP Paribas Financial Markets now owns 34,756 shares of the company's stock valued at $515,000 after buying an additional 6,390 shares during the last quarter. 85.67% of the stock is owned by hedge funds and other institutional investors.
About Sleep Number
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 smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.
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