Last Updated: 16 Sep 2024
Executive Summary
Sleep Number Corp. (SNBR) is a leading provider of sleep solutions in the United States. The company's stock price has been volatile in recent months, but it has outperformed the broader market over the past year. SNBR is currently trading at $18.69, which is below its 52-week high of $26.34. The company's financial performance has been mixed in recent quarters, but analysts remain optimistic about its long-term prospects.
Company Overview
Sleep Number Corp. was founded in 1983 and is headquartered in Minneapolis, Minnesota. The company designs, manufactures, and sells a variety of sleep products, including mattresses, adjustable bases, and bedding. Sleep Number's products are sold through a network of company-owned stores, as well as through third-party retailers.
Fundamental Analysis
Sleep Number Corp.'s financial performance has been mixed in recent quarters. The company's revenue declined by 0.11% year-over-year in the most recent quarter, while its earnings per share (EPS) fell by 0.981%. However, the company's gross profit margin and operating margin improved in the most recent quarter.
Analysts expect Sleep Number Corp.'s financial performance to improve in the coming quarters. The company is benefiting from strong demand for its products, as well as from its cost-cutting initiatives. Analysts expect the company's revenue to grow by 2.5% in 2023 and by 3.0% in 2024. They also expect the company's EPS to grow by 10.0% in 2023 and by 12.0% in 2024.
Technical Analysis
Sleep Number Corp.'s stock price has been volatile in recent months, but it has outperformed the broader market over the past year. The stock is currently trading below its 52-week high of $26.34, but it is above its 50-day and 200-day moving averages.
The technical indicators are mixed for Sleep Number Corp. The relative strength index (RSI) is below 50, which indicates that the stock is oversold. However, the moving average convergence divergence (MACD) is above zero, which indicates that the stock is in a bullish trend.
Short Term Outlook
Analysts are mixed on Sleep Number Corp.'s short-term outlook. Some analysts believe that the stock is undervalued and that it has the potential to rebound in the coming months. Other analysts are more cautious, citing the company's recent financial performance and the volatility of the stock market.
Long Term Outlook
Analysts are optimistic about Sleep Number Corp.'s long-term prospects. The company is a leader in the sleep industry, and it has a strong brand and a loyal customer base. The company is also benefiting from the growing demand for sleep products.
Analyst Recommendations
The majority of analysts have a hold rating on Sleep Number Corp. Five analysts have a hold rating, while no analysts have a strong buy, buy, sell, or strong sell rating. The average analyst target price is $12.33.
