Sleep Number (SNBR) Shares Gap Down to $36.75
Sleep Number Corp (NASDAQ:SNBR) gapped down prior to trading on Monday . The stock had previously closed at $37.50, but opened at $36.75. Sleep Number shares last traded at $34.74, with a volume of 2494400 shares.
A number of brokerages have recently weighed in on SNBR. Zacks Investment Research lowered Sleep Number from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Bank of America lowered Sleep Number from a “neutral” rating to an “underperform” rating in a research report on Friday, November 3rd. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus restated a “buy” rating and set a $47.00 price objective (up previously from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Sleep Number has an average rating of “Hold” and a consensus price target of $34.00.
The firm has a market capitalization of $1,348.36, a PE ratio of 22.82, a price-to-earnings-growth ratio of 0.99 and a beta of 0.74.
In related news, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $34.99, for a total value of $279,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 24,000 shares of company stock valued at $884,800. 4.00% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC bought a new position in shares of Sleep Number in the 4th quarter valued at about $109,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Sleep Number in the 4th quarter valued at about $114,000. Fagan Associates Inc. bought a new position in shares of Sleep Number in the 4th quarter valued at about $211,000. PNC Financial Services Group Inc. lifted its holdings in shares of Sleep Number by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after acquiring an additional 3,124 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of Sleep Number in the 4th quarter valued at about $184,000.
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Sleep Number Company Profile
Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.
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