Sleep Number Corp (NASDAQ:SNBR) – Equities research analysts at Piper Sandler lowered their Q4 2020 EPS estimates for Sleep Number in a research note issued to investors on Thursday, July 9th. Piper Sandler analyst P. Keith now forecasts that the company will post earnings per share of $0.86 for the quarter, down from their previous forecast of $0.90. Piper Sandler has a “Overweight” rating and a $65.00 price objective on the stock. Piper Sandler also issued estimates for Sleep Number’s Q1 2021 earnings at $1.32 EPS.

Several other brokerages also recently weighed in on SNBR. Raymond James downgraded shares of Sleep Number from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 25th. ValuEngine raised shares of Sleep Number from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Wedbush lifted their target price on shares of Sleep Number from $25.00 to $30.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Zacks Investment Research raised shares of Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, June 16th. Finally, UBS Group cut their target price on shares of Sleep Number from $34.00 to $18.00 and set a “sell” rating for the company in a research report on Monday, March 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Sleep Number currently has an average rating of “Hold” and a consensus price target of $42.88.

SNBR stock opened at $49.58 on Monday. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 3.33 and a beta of 2.23. The firm has a 50 day moving average price of $39.81 and a 200-day moving average price of $39.19. Sleep Number has a 52-week low of $15.27 and a 52-week high of $61.00.

Sleep Number (NASDAQ:SNBR) last released its earnings results on Wednesday, April 22nd. The company reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.64. Sleep Number had a net margin of 5.48% and a negative return on equity of 59.24%. The firm had revenue of $473.00 million during the quarter, compared to analyst estimates of $433.19 million. During the same period last year, the business earned $0.80 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis.

In related news, CAO Robert Joseph Poirier sold 2,786 shares of Sleep Number stock in a transaction on Friday, April 24th. The shares were sold at an average price of $30.78, for a total transaction of $85,753.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 6.00% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in SNBR. Aigen Investment Management LP purchased a new stake in Sleep Number in the 1st quarter worth $40,000. Cutler Group LP lifted its stake in Sleep Number by 169.8% in the 1st quarter. Cutler Group LP now owns 2,347 shares of the company’s stock worth $44,000 after purchasing an additional 1,477 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sleep Number by 30.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,278 shares of the company’s stock worth $44,000 after purchasing an additional 531 shares in the last quarter. Smith Asset Management Group LP lifted its stake in Sleep Number by 60.2% in the 1st quarter. Smith Asset Management Group LP now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Sleep Number by 23.8% in the 4th quarter. Penserra Capital Management LLC now owns 1,808 shares of the company’s stock worth $95,000 after purchasing an additional 348 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.

Further Reading: Net Margin

Earnings History and Estimates for Sleep Number (NASDAQ:SNBR)

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