ValuEngine cut shares of Sleep Number (NASDAQ:SNBR) from a buy rating to a hold rating in a research note published on Wednesday morning.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Sleep Number from a hold rating to a buy rating and set a $41.00 price objective for the company in a research report on Wednesday, September 26th. TheStreet downgraded Sleep Number from a c rating to a d- rating in a research report on Wednesday, October 24th. Finally, BidaskClub upgraded Sleep Number from a buy rating to a strong-buy rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $35.25.

Shares of NASDAQ:SNBR opened at $36.59 on Wednesday. Sleep Number has a one year low of $26.22 and a one year high of $41.05. The firm has a market cap of $1.22 billion, a PE ratio of 24.56, a P/E/G ratio of 1.11 and a beta of 1.23.

Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, October 24th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.19). Sleep Number had a net margin of 3.93% and a return on equity of 490.11%. The company had revenue of $438.78 million for the quarter, compared to analyst estimates of $410.90 million. Sell-side analysts forecast that Sleep Number will post 1.77 earnings per share for the current fiscal year.

In other Sleep Number news, insider Shelly Radue Ibach sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $38.00, for a total transaction of $380,000.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Andrew P. Carlin sold 3,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $38.86, for a total transaction of $116,580.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,006 shares of company stock worth $1,271,350. Company insiders own 4.30% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Vulcan Value Partners LLC raised its stake in Sleep Number by 56.6% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,974,464 shares of the company’s stock valued at $144,359,000 after purchasing an additional 1,797,074 shares during the period. Disciplined Growth Investors Inc. MN raised its stake in Sleep Number by 1.9% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 3,651,363 shares of the company’s stock valued at $134,297,000 after purchasing an additional 68,752 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in Sleep Number by 6.7% during the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 651,931 shares of the company’s stock valued at $23,978,000 after purchasing an additional 40,829 shares during the period. Man Group plc increased its stake in shares of Sleep Number by 16.6% in the third quarter. Man Group plc now owns 524,328 shares of the company’s stock worth $19,284,000 after acquiring an additional 74,591 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Sleep Number by 3.3% in the third quarter. Mutual of America Capital Management LLC now owns 523,976 shares of the company’s stock worth $19,272,000 after acquiring an additional 16,758 shares during 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 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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