Vanguard Group Inc. reduced its holdings in Sleep Number Co. (NASDAQ:SNBR – Free Report) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,239,516 shares of the company’s stock after selling 6,944 shares during the period. Vanguard Group Inc. owned about 5.55% of Sleep Number worth $19,869,000, according to its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of SNBR. Partnership Wealth Management LLC bought a new position in Sleep Number during the 4th quarter valued at $3,836,000. Charles Schwab Investment Management Inc. increased its stake in Sleep Number by 29.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 802,190 shares of the company’s stock valued at $11,896,000 after purchasing an additional 184,038 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in Sleep Number by 105.5% during the 4th quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company’s stock valued at $1,741,000 after purchasing an additional 60,280 shares during the period. Boulder Hill Capital Management LP acquired a new position in Sleep Number during the 4th quarter valued at $758,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Sleep Number during the 4th quarter valued at $611,000. Institutional investors own 85.67% of the company’s stock.
Sleep Number Price Performance
NASDAQ:SNBR opened at $12.25 on Monday. Sleep Number Co. has a 1-year low of $8.13 and a 1-year high of $29.80. The stock’s 50-day moving average price is $11.25 and its 200-day moving average price is $12.83. The company has a market cap of $273.49 million, a P/E ratio of -8.06 and a beta of 2.05.
Sleep Number (NASDAQ:SNBR – Get Free Report) last released its quarterly earnings results on Wednesday, July 31. The company reported -$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of -$0.44 by $0.22. The company had revenue of $408.40 million for the quarter, compared to analyst expectations of $415.05 million. The company’s revenue for the quarter decreased 11.0% year-over-year. During the same period last year, the company reported earnings per share of $0.03. On average, analysts expect Sleep Number Co. to report earnings per share of -$0.02 for the current fiscal year.
Insider transactions at Sleep Number
In other news, Director Stephen E. Macadam acquired 43,000 shares of Sleep Number in a transaction that occurred on Tuesday, August 6. The shares were bought at an average price of $12.35 per share, for a total value of $531,050.00. Following the completion of the purchase, the director now owns 102,729 shares of the company’s stock, valued at $1,268,703.15. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.80% of the company’s stock.
Analysts set new price targets
SNBR has been the subject of several research reports. UBS Group raised their price target on Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Wedbush reiterated a “neutral” rating and set a $13.50 price target on shares of Sleep Number in a research note on Thursday, April 25th. Piper Sandler lowered their price target on Sleep Number from $13.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com downgraded shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Friday.
Check out our latest stock report on SNBR
Sleep Number Profile
(Free report)
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. The company designs, manufactures, markets, sells and services beds, pillows, sheets and other bedding products under the Sleep Number name. It also offers smart adjustable bed bases under the FlextFit brand and smart beds under the Climate 360 name.
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