Sleep Number (NASDAQ:SNBR) had its price objective boosted by Piper Jaffray Companies from $43.00 to $49.00 in a research report report published on Wednesday, October 16th, The Fly reports. Piper Jaffray Companies currently has a neutral rating on the stock. Piper Jaffray Companies also issued estimates for Sleep Number’s Q4 2019 earnings at $0.80 EPS, Q1 2020 earnings at $0.87 EPS, Q1 2020 earnings at $0.84 EPS, Q2 2020 earnings at $0.11 EPS, Q2 2020 earnings at $0.14 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.96 EPS, FY2020 earnings at $3.04 EPS and FY2020 earnings at $2.86 EPS.
A number of other equities research analysts have also issued reports on the company. BidaskClub raised Sleep Number from a sell rating to a hold rating in a research report on Tuesday, October 8th. Wedbush increased their price objective on Sleep Number from $44.00 to $45.00 and gave the company a neutral rating in a report on Wednesday, October 16th. SunTrust Banks increased their price objective on Sleep Number to $43.00 and gave the company a hold rating in a report on Friday, July 26th. Raymond James upgraded Sleep Number from a market perform rating to an outperform rating and set a $48.00 price target on the stock in a research note on Wednesday, October 9th. Finally, ValuEngine downgraded Sleep Number from a hold rating to a sell rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $41.75.
Shares of Sleep Number stock traded down $2.35 during trading on Wednesday, hitting $48.91. 656,500 shares of the stock traded hands, compared to its average volume of 596,717. The stock’s fifty day simple moving average is $45.07 and its 200 day simple moving average is $41.17. Sleep Number has a 52-week low of $30.70 and a 52-week high of $52.15. The firm has a market cap of $1.38 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12.
In other news, SVP Joseph Hunter Saklad sold 3,062 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.91, for a total value of $149,762.42. Also, SVP Andrea Lee Bloomquist sold 26,520 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $47.25, for a total value of $1,253,070.00. Insiders sold a total of 48,642 shares of company stock worth $2,327,479 over the last quarter. Company insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Sleep Number by 111.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,260 shares of the company’s stock valued at $93,000 after buying an additional 1,192 shares during the period. SG Americas Securities LLC acquired a new position in Sleep Number during the third quarter worth $262,000. Russell Investments Group Ltd. raised its holdings in Sleep Number by 6.7% during the third quarter. Russell Investments Group Ltd. now owns 10,128 shares of the company’s stock worth $408,000 after purchasing an additional 635 shares during the last quarter. California Public Employees Retirement System raised its holdings in Sleep Number by 7.2% during the third quarter. California Public Employees Retirement System now owns 61,697 shares of the company’s stock worth $2,549,000 after purchasing an additional 4,148 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. raised its holdings in Sleep Number by 40.0% during the third quarter. Hussman Strategic Advisors Inc. now owns 35,000 shares of the company’s stock worth $1,446,000 after purchasing an additional 10,000 shares during the last quarter.
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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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