ValuEngine upgraded shares of Sleep Number (NASDAQ:SNBR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning.

SNBR has been the topic of a number of other reports. BidaskClub upgraded shares of Sleep Number from a hold rating to a buy rating in a research note on Wednesday, August 8th. Piper Jaffray Companies downgraded shares of Sleep Number from an overweight rating to a neutral rating in a research note on Thursday, July 26th. TheStreet downgraded shares of Sleep Number from a b- rating to a c rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded shares of Sleep Number from a sell rating to a hold rating in a research note on Wednesday, June 20th. Finally, Stifel Nicolaus decreased their target price on shares of Sleep Number from $47.00 to $43.00 and set a buy rating for the company in a research report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $36.00.

Shares of SNBR stock opened at $37.49 on Tuesday. Sleep Number has a one year low of $26.22 and a one year high of $40.72. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.12 and a beta of 1.14.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.02 earnings per share (EPS) for the quarter. Sleep Number had a net margin of 4.47% and a return on equity of 115.80%. The firm had revenue of $316.34 million for the quarter, compared to the consensus estimate of $314.81 million. During the same period last year, the firm earned ($0.02) earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. sell-side analysts anticipate that Sleep Number will post 1.81 earnings per share for the current fiscal year.

In related news, SVP Joseph Hunter Saklad sold 7,912 shares of the stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $31.05, for a total transaction of $245,667.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David R. Callen bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were purchased at an average cost of $27.88 per share, with a total value of $27,880.00. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company’s stock.

A number of large investors have recently bought and sold shares of SNBR. Riverhead Capital Management LLC raised its holdings in shares of Sleep Number by 36.3% in the second quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock worth $185,000 after buying an additional 1,700 shares during the last quarter. Tyers Asset Management LLC raised its holdings in shares of Sleep Number by 37.6% in the second quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock worth $202,000 after buying an additional 1,904 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Sleep Number by 37.6% in the second quarter. Flinton Capital Management LLC now owns 8,466 shares of the company’s stock worth $246,000 after buying an additional 2,312 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Sleep Number by 0.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 353,340 shares of the company’s stock worth $12,420,000 after buying an additional 2,695 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Sleep Number in the first quarter worth $117,000.

Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Analyst Recommendations for Sleep Number (NASDAQ:SNBR)

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