Lazard Asset Management LLC Buys 824 Shares of Sleep Number Co. (NASDAQ:SNBR)

Lazard Asset Management LLC lifted its stake in Sleep Number Co. (NASDAQ:SNBRGet Rating) by 63.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the company’s stock after purchasing an additional 824 shares during the period. Lazard Asset Management LLC’s holdings in Sleep Number were worth $65,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP bought a new position in Sleep Number during the 2nd quarter worth about $378,000. Nisa Investment Advisors LLC increased its holdings in Sleep Number by 46.4% during the second quarter. Nisa Investment Advisors LLC now owns 13,100 shares of the company’s stock valued at $405,000 after buying an additional 4,150 shares during the period. CWM LLC raised its stake in Sleep Number by 68.7% in the second quarter. CWM LLC now owns 862 shares of the company’s stock worth $27,000 after buying an additional 351 shares in the last quarter. Bouchey Financial Group Ltd purchased a new stake in Sleep Number during the second quarter worth $1,229,000. Finally, Strs Ohio boosted its position in Sleep Number by 39.5% during the 2nd quarter. Strs Ohio now owns 21,200 shares of the company’s stock valued at $656,000 after acquiring an additional 6,000 shares in the last quarter.

Sleep Number Price Performance

Sleep Number stock opened at $30.25 on Friday. The stock has a market capitalization of $665.50 million, a price-to-earnings ratio of 13.04, a PEG ratio of 1.40 and a beta of 1.83. Sleep Number Co. has a 1-year low of $24.04 and a 1-year high of $83.81. The business has a fifty day moving average price of $33.09 and a 200-day moving average price of $37.66.

Sleep Number (NASDAQ:SNBRGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.16. The firm had revenue of $540.57 million during the quarter, compared to analysts’ expectations of $527.98 million. Sleep Number had a negative return on equity of 11.99% and a net margin of 2.52%. On average, equities research analysts anticipate that Sleep Number Co. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SNBR has been the topic of a number of analyst reports. Piper Sandler cut their price target on Sleep Number from $36.00 to $26.00 in a report on Thursday, October 27th. StockNews.com downgraded Sleep Number from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Wedbush cut their price target on Sleep Number from $33.00 to $27.00 in a report on Thursday, October 27th. Finally, UBS Group cut their price target on Sleep Number from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Sleep Number has a consensus rating of “Hold” and a consensus target price of $34.00.

Sleep Number Company Profile

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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 adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands.

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Institutional Ownership by Quarter for Sleep Number (NASDAQ:SNBR)

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