Sleep Number (NASDAQ:SNBR) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Sleep Number from a “hold” rating to a “sell” rating in a report on Saturday, April 21st. Bank of America dropped their price objective on shares of Sleep Number from $27.00 to $25.00 and set an “underperform” rating on the stock in a research note on Thursday, April 19th. BidaskClub lowered shares of Sleep Number from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 27th. SunTrust Banks reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Sleep Number in a research note on Friday, April 20th. Finally, Raymond James lowered shares of Sleep Number from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.86.

NASDAQ:SNBR traded down $0.80 during trading hours on Friday, reaching $29.02. The company had a trading volume of 571,800 shares, compared to its average volume of 657,597. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.88 and a beta of 0.82. Sleep Number has a twelve month low of $27.44 and a twelve month high of $40.72.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Wednesday, April 18th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The company had revenue of $389.00 million during the quarter, compared to analyst estimates of $396.68 million. Sleep Number had a return on equity of 74.14% and a net margin of 4.25%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. research analysts forecast that Sleep Number will post 1.81 EPS for the current year.

In other Sleep Number news, Director Brenda J. Lauderback sold 974 shares of the firm’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $28.50, for a total value of $27,759.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $35.12, for a total transaction of $280,960.00. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNBR. BlackRock Inc. bought a new position in shares of Sleep Number during the fourth quarter valued at about $188,325,000. Vulcan Value Partners LLC bought a new position in shares of Sleep Number during the fourth quarter valued at about $156,698,000. Alliancebernstein L.P. bought a new position in shares of Sleep Number during the fourth quarter valued at about $59,928,000. Goldman Sachs Group Inc. bought a new position in shares of Sleep Number during the fourth quarter valued at about $22,704,000. Finally, Teachers Advisors LLC bought a new position in shares of Sleep Number during the fourth quarter valued at about $22,343,000.

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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