UBS Group AG decreased its position in Sleep Number Co. (NASDAQ:SNBR – Get Rating) by 19.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,739 shares of the company's stock after selling 35,071 shares during the period. UBS Group AG owned about 0.64% of Sleep Number worth $4,758,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. FMR LLC boosted its position in shares of Sleep Number by 59.7% in the 2nd quarter. FMR LLC now owns 1,960 shares of the company's stock worth $60,000 after purchasing an additional 733 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Sleep Number by 63.3% in the second quarter. Lazard Asset Management LLC now owns 2,125 shares of the company's stock valued at $65,000 after acquiring an additional 824 shares during the last quarter. Royal Bank of Canada grew its holdings in Sleep Number by 74.8% during the first quarter. Royal Bank of Canada now owns 1,369 shares of the company's stock worth $69,000 after purchasing an additional 586 shares during the period. Captrust Financial Advisors grew its holdings in Sleep Number by 153.6% during the first quarter. Captrust Financial Advisors now owns 2,166 shares of the company's stock worth $110,000 after purchasing an additional 1,312 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of Sleep Number by 14.4% during the second quarter. Mutual of America Capital Management LLC now owns 3,734 shares of the company's stock worth $116,000 after acquiring an additional 470 shares during the period.
Get Sleep Number alerts:Sleep Number Price Performance
Shares of NASDAQ:SNBR opened at $39.86 on Wednesday. The firm has a fifty day moving average price of $32.25 and a two-hundred day moving average price of $34.03. Sleep Number Co. has a one year low of $23.60 and a one year high of $67.22. The company has a market cap of $876.92 million, a price-to-earnings ratio of 24.76, a PEG ratio of 1.20 and a beta of 1.91.
Sleep Number (NASDAQ:SNBR – Get Rating) last issued its earnings results on Wednesday, February 22nd. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.03). Sleep Number had a negative return on equity of 8.19% and a net margin of 1.73%. The business had revenue of $497.53 million during the quarter, compared to analysts' expectations of $495.75 million. During the same quarter in the previous year, the business earned $0.47 EPS. Sleep Number's revenue for the quarter was up 1.1% compared to the same quarter last year. Equities research analysts expect that Sleep Number Co. will post 1.63 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Wedbush lifted their price target on shares of Sleep Number from $27.00 to $37.00 and gave the company a "neutral" rating in a research report on Thursday, February 23rd. Piper Sandler boosted their price objective on shares of Sleep Number from $26.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, February 2nd. Finally, UBS Group boosted their price objective on shares of Sleep Number from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note on Thursday, February 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $37.75.
Insider Buying and Selling
In related news, Director Brenda J. Lauderback sold 6,107 shares of the business's stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $37.01, for a total transaction of $226,020.07. Following the sale, the director now owns 34,966 shares of the company's stock, valued at $1,294,091.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.80% of the stock is currently owned by insiders.
About Sleep Number
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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.
Further Reading
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