During the last session, Sleep Number Corp (NASDAQ:SNBR)’s traded shares were 0.35 million, with the beta value of the company hitting 2.06. At the end of the trading day, the stock’s price was $12.49, reflecting an intraday gain of 1.13% or $0.14. The 52-week high for the SNBR share is $20.75, that puts it down -66.13 from that peak though still a striking 34.91% gain since the share price plummeted to a 52-week low of $8.13. The company’s market capitalization is $279.41M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 426.56K shares over the past three months.
Sleep Number Corp (SNBR) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. SNBR has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
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Sleep Number Corp (NASDAQ:SNBR) trade information
Sleep Number Corp (SNBR) registered a 1.13% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.13% in intraday trading to $12.49, hitting a weekly high. The stock’s 5-day price performance is 1.22%, and it has moved by -9.62% in 30 days. Based on these gigs, the overall price performance for the year is 22.69%. The short interest in Sleep Number Corp (NASDAQ:SNBR) is 3.22 million shares and it means that shorts have 8.07 day(s) to cover.
The consensus price target of analysts on Wall Street is $12, which implies a decrease of -4.08% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $12 respectively. As a result, SNBR is trading at a premium of 3.92% off the target high and 3.92% off the low.
Sleep Number Corp (SNBR) estimates and forecasts
Statistics show that Sleep Number Corp has underperformed its competitors in share price, compared to the industry in which it operates. Sleep Number Corp (SNBR) shares have gone down -7.41% during the last six months, with a year-to-date growth rate less than the industry average at -550.00% against 16.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 66.87% this quarter and then jump 1,106.07% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.19% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 389.75M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 461.27M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 429.52M and 470.45M respectively. In this case, analysts expect current quarter sales to shrink by -9.26% and then drop by -1.95% in the coming quarter.
While earnings are projected to return -36.03% in 2024, the next five years will return 6.80% per annum.
SNBR Dividends
Sleep Number Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Sleep Number Corp (NASDAQ:SNBR)’s Major holders
Sleep Number Corp insiders own 6.38% of total outstanding shares while institutional holders control 88.88%, with the float percentage being 94.93%. STADIUM CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 168.0 institutions own stock in it. As of 2024-06-30, the company held over 1.85 million shares (or 8.2032% of all shares), a total value of $17.67 million in shares.
The next largest institutional holding, with 1.62 million shares, is of BLACKROCK INC.’s that is approximately 7.2041% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $15.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Sleep Number Corp (SNBR) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 666.15 shares. This amounts to just over 2.98 percent of the company’s overall shares, with a $8.32 million market value. The same data shows that the other fund manager holds slightly less at 556.6, or about 2.49% of the stock, which is worth about $6.95 million.
