Analysts expect Sleep Number Corp (NASDAQ:SNBR) to report sales of $331.14 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sleep Number’s earnings, with the highest sales estimate coming in at $335.40 million and the lowest estimate coming in at $326.20 million. Sleep Number reported sales of $313.45 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.6%. The firm is expected to report its next quarterly earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that Sleep Number will report full year sales of $331.14 million for the current fiscal year, with estimates ranging from $1.41 billion to $1.42 billion. For the next financial year, analysts expect that the company will post sales of $1.51 billion per share, with estimates ranging from $1.49 billion to $1.54 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Sleep Number.

Several brokerages have issued reports on SNBR. BidaskClub cut Sleep Number from a “buy” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research cut Sleep Number from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, Bank of America set a $33.00 target price on Sleep Number and gave the company a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.43.

Shares of Sleep Number (SNBR) opened at $35.17 on Monday. Sleep Number has a 12-month low of $20.74 and a 12-month high of $40.72. The company has a market capitalization of $1,400.43, a P/E ratio of 24.94, a P/E/G ratio of 0.92 and a beta of 0.74.

In related news, SVP Patricia Ann Dirks sold 8,560 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $33.90, for a total transaction of $290,184.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.35, for a total value of $306,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,560 shares of company stock worth $1,174,984. 4.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of SNBR. Amalgamated Bank acquired a new position in Sleep Number during the 2nd quarter worth about $206,000. PNC Financial Services Group Inc. raised its position in Sleep Number by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after purchasing an additional 3,124 shares in the last quarter. Vanguard Group Inc. raised its position in Sleep Number by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after purchasing an additional 140,801 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in Sleep Number in the 2nd quarter valued at about $263,000. Finally, Parametric Portfolio Associates LLC raised its position in Sleep Number by 20.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 105,337 shares of the company’s stock valued at $3,738,000 after purchasing an additional 17,751 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This news story was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://theolympiareport.com/2018/02/12/brokerages-anticipate-sleep-number-corp-snbr-will-post-quarterly-sales-of-331-14-million.html.

Sleep Number Company Profile

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.

Get a free copy of the Zacks research report on Sleep Number (SNBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.