Sleep Number (NASDAQ:SNBR – Get Free Report)‘s stock had its “neutral” rating reissued by equities research analysts at Wedbush in a research note issued to investors on Thursday, Benzinga reports. They presently have a $13.50 price objective on the stock. Wedbush’s price target points to a potential downside of 3.02% from the company’s current price.
Separately, Piper Sandler lifted their price objective on shares of Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday.
Check Out Our Latest Stock Report on Sleep Number
Sleep Number Stock Performance
Sleep Number (NASDAQ:SNBR – Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.44. The business had revenue of $470.45 million for the quarter, compared to analyst estimates of $475.17 million. Sleep Number had a negative net margin of 0.81% and a negative return on equity of 1.05%. On average, sell-side analysts predict that Sleep Number will post -0.34 EPS for the current year.
Hedge Funds Weigh In On Sleep Number
Several institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC acquired a new stake in shares of Sleep Number during the fourth quarter worth $62,000. GAMMA Investing LLC lifted its position in Sleep Number by 250.6% during the first quarter. GAMMA Investing LLC now owns 4,235 shares of the company’s stock valued at $68,000 after purchasing an additional 3,027 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Sleep Number by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock valued at $77,000 after purchasing an additional 1,114 shares during the period. Public Employees Retirement System of Ohio lifted its position in Sleep Number by 345.5% during the third quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company’s stock valued at $175,000 after purchasing an additional 5,525 shares during the period. Finally, Invenomic Capital Management LP acquired a new position in Sleep Number during the fourth quarter valued at $221,000. 85.67% of the stock is owned by hedge funds and other institutional investors.
Sleep Number Company Profile
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.
Further Reading
- Five stocks we like better than Sleep Number
- How to buy stock: A step-by-step guide for beginners
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Power Surge: Utilities Sector’s Resilience Shines
- What Are Dividend Achievers? An Introduction
- 3 Bargain Stocks Near 52-week Lows
Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.