BidaskClub upgraded shares of Sleep Number (NASDAQ:SNBR) from a buy rating to a strong-buy rating in a report issued on Monday, BidAskClub reports.

A number of other research firms also recently commented on SNBR. ValuEngine raised shares of Sleep Number from a hold rating to a buy rating in a research report on Thursday, February 14th. Zacks Investment Research downgraded shares of Sleep Number from a buy rating to a hold rating in a research report on Wednesday, April 17th. Barclays reissued a hold rating on shares of Sleep Number in a research report on Friday, February 15th. Piper Jaffray Companies raised their target price on shares of Sleep Number to $43.00 and gave the company a neutral rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Sleep Number from a d- rating to a c+ rating in a research report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus price target of $42.80.

SNBR stock opened at $37.43 on Monday. The stock has a market capitalization of $1.12 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.09 and a beta of 1.07. Sleep Number has a 12 month low of $26.22 and a 12 month high of $49.56.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Wednesday, April 17th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.07. The company had revenue of $426.45 million for the quarter, compared to the consensus estimate of $427.53 million. Sleep Number had a net margin of 4.74% and a negative return on equity of 92.30%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. As a group, analysts forecast that Sleep Number will post 2.45 earnings per share for the current fiscal year.

In other news, SVP Suresh Krishna sold 13,150 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $49.25, for a total value of $647,637.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Patricia Ann Dirks sold 6,502 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $49.00, for a total transaction of $318,598.00. The disclosure for this sale can be found here. Insiders have sold a total of 48,074 shares of company stock worth $2,322,558 in the last three months. Insiders own 5.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Sleep Number by 2.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,986 shares of the company’s stock valued at $563,000 after buying an additional 290 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Sleep Number by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 11,521 shares of the company’s stock valued at $366,000 after buying an additional 449 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Sleep Number by 1.1% in the 4th quarter. Arizona State Retirement System now owns 51,152 shares of the company’s stock valued at $1,623,000 after buying an additional 535 shares in the last quarter. Stone Ridge Asset Management LLC boosted its holdings in shares of Sleep Number by 2.8% in the 4th quarter. Stone Ridge Asset Management LLC now owns 20,445 shares of the company’s stock valued at $649,000 after buying an additional 565 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Sleep Number by 51.0% in the 1st quarter. US Bancorp DE now owns 1,842 shares of the company’s stock valued at $87,000 after buying an additional 622 shares in the last quarter.

About Sleep Number

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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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