Sleep Number Corp (SNBR) Insider Sells $420,000.00 in Stock
Sleep Number Corp (NASDAQ:SNBR) insider Shelly Radue Ibach sold 10,000 shares of Sleep Number stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $42.00, for a total transaction of $420,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
SNBR traded up $1.94 during trading on Friday, hitting $43.07. The company had a trading volume of 1,386,176 shares, compared to its average volume of 636,624. The stock has a market capitalization of $1.43 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.81 and a beta of 1.25. Sleep Number Corp has a one year low of $26.22 and a one year high of $43.18.
SNBR has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Sleep Number in a research report on Monday, January 28th. They set an “equal weight” rating and a $36.00 price target on the stock. ValuEngine raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday. TheStreet cut shares of Sleep Number from a “c” rating to a “d-” rating in a research report on Wednesday, October 24th. Zacks Investment Research cut shares of Sleep Number from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Finally, BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $37.17.
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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