Headlines about Sleep Number (NASDAQ:SNBR) have been trending somewhat negative this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sleep Number earned a media sentiment score of -0.24 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5953351701655 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Sleep Number opened at $28.32 on Friday, MarketBeat.com reports. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 0.84 and a beta of 0.84. 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04). Sleep Number had a return on equity of 74.14% and a net margin of 4.25%. The company had revenue of $389.00 million for the quarter, compared to analyst estimates of $396.68 million. During the same period last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. sell-side analysts forecast that Sleep Number will post 1.81 earnings per share for the current fiscal year.
Several research analysts have weighed in on SNBR shares. BidaskClub lowered Sleep Number from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 27th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $47.00 price target (up previously from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Zacks Investment Research lowered Sleep Number from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $32.00 price target on shares of Sleep Number in a research report on Friday, April 20th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.75.
In other news, SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $34.25, for a total transaction of $274,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew P. Carlin sold 3,000 shares of Sleep Number stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $37.00, for a total value of $111,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $665,960 over the last quarter. 4.30% of the stock is currently owned by corporate insiders.
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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