Sleep Number (NASDAQ:SNBR) Downgraded by StockNews.com to Hold
been the subject of a number of other research reports. The stock of Sleep Number Corporation (NASDAQ:SNBR) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
In a report released to clients and investors, the rating was changed from a "buy" to a "hold".
SNBR was the subject of a few other research reports. Wedbush reduced their target price for shares of Sleep Number to $27.00 in a Thursday, April 20, research note. They also set the stock's rating as 'neutral. Piper Sandler reduced their target price for shares of Sleep Number in a research report on Thursday, April 27, from $36.00 down to $30. During trading hours, the stock rose $0.83 to $19.30. The company's average trading volume is 498,671. Sleep Number's 1-year low is $17.50, and its 1-year high is $50.61.
The last time the company released its results was on April 26th. The company posted $0.51 per share, exceeding analysts' expectations of $0.35. Revenue for the quarter was $526.53 millions, which is higher than analysts' expectations. Sleep Number's net margin was 2.18%, and its return on equity was negative at 10.55%. Revenue for the firm was down by.1% compared to last year. In the same quarter last year, the company posted $0.09 per share. Analysts predict an average of 1.35 earnings per share for Sleep Number in the current year.
Sleep Number: Institutional Trading
Recently, several large investors increased or decreased their stakes in Sleep Number. FMR LLC increased its stake in Sleep Number shares by 59.7% over the second quarter. FMR LLC owns 1,960 of the company’s shares valued at $60,000. This is after buying an additional 733 during the last quarter. Royal Bank of Canada increased its stake in Sleep Number shares by 74.8% over the first quarter. Royal Bank of Canada owns now 1,369 shares of Sleep Number's stock worth $69,000, after buying an additional 586 during the last quarter. Public Employees Retirement System of Ohio increased its stake in Sleep Number shares by 23.2% over the third quarter. Public Employees Retirement System of Ohio owns 2,485 of the company’s stock worth $84,000, after buying an additional 468 during the last quarter. Tower Research Capital LLC TRC increased its stake in Sleep Number shares by 297.6% over the third quarter. Tower Research Capital LLC TRC owns 2,970 of the company’s stock worth $101,000, after buying an additional 2,223 during the last quarter. Captrust Financial Advisors increased its Sleep Number holdings by 153.6% during the first quarter. Captrust Financial Advisors owns 2,166 of the company’s shares valued at $110,000, after purchasing an additional 1,312 during the period.
About Sleep Number
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Sleep Number Corp. is a company that designs, manufactures, markets, and distributes beds and sleep-related accessories. The company sells beds under the Sleep Number brand. Robert Walker and JoAnn Walker founded the company in Minneapolis in 1987.
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