In a report released today, Seth Basham from Wedbush maintained a Hold rating on Sleep Number (SNBR – Research Report), with a price target of $13.50. The company’s shares closed yesterday at $11.05.
According to TipRanks, Basham is a 5-star analyst with an average return of 10.6% and a 51.64% success rate. Basham covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, CarMax, and Etsy.
Sleep Number has an analyst consensus of Hold, with a price target consensus of $13.50.
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Based on Sleep Number’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $472.65 million and a GAAP net loss of $2.32 million. In comparison, last year the company earned a revenue of $540.57 million and had a net profit of $5.03 million
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Sleep Number (SNBR) Company Description:
Sleep Number Corp. designs, manufactures, markets, and distributes beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.
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