Sleep Number Corp (NASDAQ:SNBR) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 5,132,006 shares, an increase of 26.7% from the February 15th total of 4,049,644 shares. Based on an average daily volume of 1,139,396 shares, the days-to-cover ratio is presently 4.5 days.
In related news, EVP Andrew P. Carlin sold 3,000 shares of Sleep Number stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $37.00, for a total transaction of $111,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.26, for a total value of $298,080.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,545 shares of company stock valued at $1,517,056. 4.00% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNBR. BlackRock Inc. acquired a new position in shares of Sleep Number in the 4th quarter valued at about $188,325,000. Vulcan Value Partners LLC acquired a new position in shares of Sleep Number in the 4th quarter valued at about $156,698,000. Disciplined Growth Investors Inc. MN acquired a new position in shares of Sleep Number in the 3rd quarter valued at about $114,107,000. Alliancebernstein L.P. acquired a new position in shares of Sleep Number in the 4th quarter valued at about $59,928,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Sleep Number in the 4th quarter valued at about $27,020,000.
Shares of Sleep Number (SNBR) opened at $36.64 on Wednesday. The company has a market capitalization of $1,410.00, a PE ratio of 24.43, a price-to-earnings-growth ratio of 1.02 and a beta of 0.81. Sleep Number has a fifty-two week low of $23.14 and a fifty-two week high of $40.72.
Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $363.28 million during the quarter, compared to analysts’ expectations of $331.72 million. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.25 EPS. analysts forecast that Sleep Number will post 1.88 earnings per share for the current year.
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About Sleep Number
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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