Sleep Number shares slide 16% premarket, Wedbush reiterates neutral rating [MarketWatch]
Sleep Number Corporation (SNBR)
Last sleep number corporation earnings: 4/22 04:01 pm
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Source: MarketWatch
Sleep Number shares slide 16% premarket, Wedbush reiterates neutral rating Shares of mattress company Sleep Number Corp. SNBR, -15.01% slid almost 15% in premarket trade Thursday, after the company missed revenue expectations for the first quarter, and offered soft guidance for the second quarter as it continues to transition to new models. Wedbush analysts reiterated their neutral rating on the stock. As second-quarter transition pressures subsides, the company expects the second half to be better. "While SNBR pointed to sales trends improving in stores that received the new p5 and i8 mattresses in the past two weeks to inform its confidence in its full-year guidance, more sustained and broad-based unit sales growth will be necessary, adding risk to the very back-half loaded guidance and keeping us NEUTRAL on SNBR," they wrote in a note. Stifel analysts said they are optimistic in the longer term that Sleep Number can accelerate sales and earnings growth. Shares have gained 41% in
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SNBR
News
- Sleep Number sales slump as company plans to close 30 stores. [Yahoo! Finance]Yahoo! Finance
- Sleep Number Co. (NASDAQ: SNBR) had its price target raised by analysts at UBS Group AG from $12.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
- Sleep Number Co. (NASDAQ: SNBR) had its "neutral" rating re-affirmed by analysts at Wedbush. They now have a $13.50 price target on the stock.MarketBeat
- Sleep Number Insiders Placed Bullish Bets Worth US$510.1k [Yahoo! Finance]Yahoo! Finance
- Sleep Number Co. (NASDAQ: SNBR) had its price target raised by analysts at Piper Sandler from $12.00 to $13.00. They now have a "neutral" rating on the stock.MarketBeat
SNBR
Earnings
- 4/24/24 - Beat
SNBR
Sec Filings
- 4/24/24 - Form 8-K
- 4/10/24 - Form 8-K
- 4/2/24 - Form DEF
- SNBR's page on the SEC website