Watch number (NASDAQ: SNBR) has been downgraded from Zacks investment research from a “buy” note to a “keep” note in a research report given to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Sleep Number Corporation transformed the mattress industry with the idea that a ‘one size fits all’ when it comes to sleeping. Today, the company is the leader in sleep innovation and has been ranked highest in customer satisfaction with JD Power mattresses. Their investments over the past five years have further differentiated their brand and strengthened their three competitive advantages: Exclusive innovations that offer significant benefits for their customers’ sleep; exclusive distribution highly productive and powered by their mission-driven sales teams. Sleep Number’s business model allows them to stay focused on what is relevant to their customer while building lasting relationships with its brand Their team of 4,000 Brand Ambassadors are dedicated to their mission of improving lives by individualizing sleep experiences. to better quality sleep. “

Separately, TheStreet reduced Sleep Number from a “b” rating to a “c +” rating in a report released on Friday, April 9. One analyst assigned a sell rating to the stock, four assigned a conservation rating, and two assigned a buy rating to the stock. Sleep Number currently has a consensus rating of “Hold” and an average target price of $ 129.50.

Actions of SNBR actions open at $ 106.42 Wednesday. Sleep Number has a one-year minimum of $ 39.40 and a one-year maximum of $ 151.44. The company has a market cap of $ 2.60 billion, a PE ratio of 17.62, a PEG ratio of 1.31 and a beta of 1.97. The company’s fifty-day moving average price is $ 111.62.

Sleep Number (NASDAQ: SNBR) last released its results on Tuesday, April 20. The company reported earnings per share (EPS) of $ 2.51 for the quarter, beating the Zacks’ consensus estimate of $ 1.83 by $ 0.68. The company posted revenue of $ 568.26 million for the quarter, compared to analysts’ expectations of $ 582.34 million. Sleep Number recorded a negative return on equity of 81.06% and a net margin of 8.54%. The company’s quarterly revenue grew 20.2% year-over-year. During the same period of the previous year, the company posted EPS of $ 1.36. Equity research analysts predict that Sleep Number will show 6.77 EPS for the current fiscal year.

In related news, Executive Vice President Melissa Barra sold 1,274 shares of Sleep Number in a trade on Thursday, March 25. The stock was sold at an average price of $ 127.42, for a total trade of $ 162,333.08. After the sale is finalized, the Executive Vice President now owns 41,272 shares of the company, valued at $ 5,258,878.24. The transaction was disclosed in a legal file with the SEC, which is available through the SEC website. In addition, CEO Shelly Radue Ibach sold 2,930 shares of Sleep Number in a trade on Thursday April 1. The shares were sold for an average price of $ 144.75, for a total value of $ 424,117.50. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 42,056 shares of the company valued at $ 5,411,183. 5.70% of the shares are currently owned by insiders.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in the stock. Nisa Investment Advisors LLC strengthened its position in Sleep Number by 1.2% during the first quarter. Nisa Investment Advisors LLC now owns 9,725 shares of the company valued at $ 1,395,000 after purchasing an additional 120 shares in the last quarter. BancorpSouth Bank increased its position in Sleep Number shares by 2.3% in the first quarter. BancorpSouth Bank now owns 8,096 shares of the company valued at $ 1,162,000 after purchasing 184 additional shares in the last quarter. Aperio Group LLC increased its position in Sleep Number shares by 3.3% in the fourth quarter. Aperio Group LLC now owns 9,231 shares of the company valued at $ 756,000 after purchasing an additional 298 shares during the last quarter. Optimum Investment Advisors acquired a new stake in Sleep Number shares in the first quarter valued at approximately $ 43,000. Finally, Inspire Advisors LLC acquired a new stake in Sleep Number shares in the fourth quarter valued at approximately $ 31,000. 92.67% of the shares are held by hedge funds and other institutional investors.

About the number of sleep

Sleep Number Corporation, along with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, retailers and services beds, pillows, sheets and other bedding products under the Sleep Number name. It also offers adjustable bases under the name FlextFit; temperature balancing products, including the DualTemp layer; SleepIQ Kids k2 beds for children; and smart beds under the names Sleep Number 360 and 360.

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7 sports betting stocks that will shine beyond the madness of March

One of the many consequences of the new coronavirus has been the cessation of live sports. For athletes, one of the most missed events was the NCAA basketball tournament affectionately known as March Madness.

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