Sleep Number (SNBR) Stock Price, News & Analysis

Company Overview

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. The company sells its products directly to consumers through retail, online, phone, chat, and other. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

Key Stats

• Today's Range: $11.44 to $12.46
• 50-Day Range: $11.67 to $19.59
• 52-Week Range: $8.13 to $20.75
• Volume: 180,559 shs
• Average Volume: 509,116 shs
• Market Capitalization: $276.05 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $12.83
• Consensus Rating: Hold

Sleep Number Stock Analysis - MarketRank™

Sleep Number scored higher than 17% of companies evaluated by MarketBeat, and ranked 269th out of 290 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Sleep Number has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sleep Number has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sleep Number are expected to grow in the coming year, from ($0.42) to $0.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sleep Number is -6.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sleep Number is -6.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.47% of the float of Sleep Number has been sold short.

Short Interest Ratio / Days to Cover

Sleep Number has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Sleep Number has recently increased by 6.27%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sleep Number does not currently pay a dividend.

Dividend Growth

Sleep Number does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.47% of the float of Sleep Number has been sold short.

Short Interest Ratio / Days to Cover

Sleep Number has a short interest ratio ("days to cover") of 7.8.

Change versus previous month

Short interest in Sleep Number has recently increased by 6.27%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.49

News Sentiment

Sleep Number has a news sentiment score of 1.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Sleep Number this week, compared to 3 articles on an average week.

MarketBeat Follows

Only 1 people have added Sleep Number to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Sleep Number insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,305,052.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 6.80% of the stock of Sleep Number is held by insiders.

Percentage Held by Institutions

85.67% of the stock of Sleep Number is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SNBR Stock Analysis - Frequently Asked Questions

How have SNBR shares performed this year?

Sleep Number's stock was trading at $14.83 on January 1st, 2024. Since then, SNBR stock has decreased by 20.2% and is now trading at $11.84.
View the best growth stocks for 2024 here.

How were Sleep Number's earnings last quarter?

Sleep Number Co. (NASDAQ:SNBR) issued its quarterly earnings data on Wednesday, July, 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.44) by $0.22. The firm's revenue for the quarter was down 11.0% on a year-over-year basis.

Who are Sleep Number's major shareholders?

Sleep Number's top institutional investors include Stadium Capital Management LLC (8.98%), Hodges Capital Management Inc. (4.52%), Charles Schwab Investment Management Inc. (2.66%) and Jacobs Levy Equity Management Inc. (2.41%). Insiders that own company stock include Stadium Capital Management Llc, Brenda J Lauderback and Daniel Alegre.
View institutional ownership trends.

How do I buy shares of Sleep Number?

Shares of SNBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sleep Number own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sleep Number investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), Netflix (NFLX), Alphabet (GOOG) and Home Depot (HD).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Household furniture
• Sub-Industry: Consumer Goods
• Current Symbol: NASDAQ:SNBR
• Previous Symbol: NASDAQ:SCSS
• CUSIP: N/A
• CIK: 827187
• Web: www.sleepnumber.com
• Phone: (763) 551-7000
• Fax: 763-551-7123
• Employees: 4,145
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.83
• High Stock Price Target: $13.50
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +8.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.81)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-15,290,000.00
• Net Margins: -2.35%
• Pretax Margin: -2.81%
• Return on Equity: N/A
• Return on Assets: -1.98%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.19
• Quick Ratio: 0.09

Sales & Book Value

• Annual Sales: $1.89 billion
• Price / Sales: 0.14
• Cash Flow: $3.20 per share
• Price / Cash Flow: 3.70
• Book Value: ($20.06) per share
• Price / Book: -0.59

Miscellaneous

• Outstanding Shares: 22,370,000
• Free Float: 20,850,000
• Market Cap: $264.86 million
• Optionable: Optionable
• Beta: 2.08