Sleep Number (NASDAQ:SNBR) Sets New 1-Year High at $52.22

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Sleep Number Corp (NASDAQ:SNBR)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $52.22 and last traded at $52.32, with a volume of 9806 shares traded. The stock had previously closed at $51.14.

A number of brokerages have recently issued reports on SNBR. Zacks Investment Research cut Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Wedbush boosted their price objective on Sleep Number from $44.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. Piper Jaffray Companies boosted their price objective on Sleep Number from $43.00 to $49.00 and gave the stock a “neutral” rating in a report on Wednesday, October 16th. UBS Group boosted their price target on Sleep Number from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Wednesday, October 16th. Finally, TheStreet upgraded Sleep Number from a “c+” rating to a “b-” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $41.75.

The firm has a market capitalization of $1.50 billion, a P/E ratio of 19.19, a PEG ratio of 1.15 and a beta of 1.10. The firm has a 50 day moving average of $48.51 and a 200-day moving average of $45.68.

In other Sleep Number news, Director Michael A. Peel sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $48.63, for a total transaction of $109,417.50. Also, SVP Joseph Hunter Saklad sold 3,062 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.91, for a total transaction of $149,762.42. Over the last quarter, insiders sold 27,448 shares of company stock valued at $1,339,407. 5.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new position in Sleep Number during the second quarter valued at approximately $43,000. Penserra Capital Management LLC raised its position in Sleep Number by 25.0% during the third quarter. Penserra Capital Management LLC now owns 1,460 shares of the company’s stock valued at $60,000 after purchasing an additional 292 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Sleep Number during the fourth quarter valued at approximately $226,000. Schmidt P J Investment Management Inc. acquired a new position in Sleep Number during the fourth quarter valued at approximately $236,000. Finally, Fox Run Management L.L.C. acquired a new position in Sleep Number during the third quarter valued at approximately $212,000.

Sleep Number Company Profile (NASDAQ:SNBR)

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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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