Q1 Earnings Forecast for Sleep Number Issued By Wedbush

Sleep Number Co. (NASDAQ:SNBR) – Stock analysts at Wedbush issued their Q1 2025 EPS estimates for Sleep Number in a research note issued on Thursday, March 6th. Wedbush analyst S. Basham anticipates that the company will post earnings per share of $0.16 for the quarter. Wedbush currently has a “Neutral” rating and a $12.00 target price on the stock. The consensus estimate for Sleep Number’s current full-year earnings is ($0.42) per share. Wedbush also issued estimates for Sleep Number’s Q2 2025 earnings at ($0.02) EPS.

SNBR has been the topic of a number of other reports. StockNews.com upgraded Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Piper Sandler decreased their price objective on Sleep Number from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday.

Sleep Number Stock Performance

Shares of NASDAQ SNBR opened at $7.57 on Friday. The company has a market cap of $169.35 million, a P/E ratio of -4.18 and a beta of 2.14. Sleep Number has a 52-week low of $6.91 and a 52-week high of $20.75. The firm’s fifty day moving average is $15.81 and its two-hundred day moving average is $15.69.

Institutional Investors Weigh In On Sleep Number

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNBR. Hodges Capital Management Inc. raised its holdings in Sleep Number by 22.7% during the 4th quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company’s stock valued at $18,905,000 after buying an additional 229,587 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Sleep Number by 1,071.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company’s stock worth $2,093,000 after acquiring an additional 104,482 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sleep Number by 276.5% in the 3rd quarter. Barclays PLC now owns 28,280 shares of the company’s stock worth $518,000 after acquiring an additional 20,769 shares during the last quarter. FMR LLC boosted its stake in shares of Sleep Number by 1,764.3% during the 3rd quarter. FMR LLC now owns 21,216 shares of the company’s stock worth $389,000 after purchasing an additional 20,078 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Sleep Number by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 518,045 shares of the company’s stock valued at $9,493,000 after purchasing an additional 18,182 shares during the last quarter. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

About Sleep Number

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.