Sleep Number Co. (NASDAQ:SNBR) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in Sleep Number Co. (NASDAQ:SNBRFree Report) by 345.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,124 shares of the company’s stock after buying an additional 5,525 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sleep Number were worth $175,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in shares of Sleep Number by 0.6% during the first quarter. BlackRock Inc. now owns 3,535,447 shares of the company’s stock valued at $179,282,000 after purchasing an additional 20,996 shares during the period. Stadium Capital Management LLC increased its holdings in shares of Sleep Number by 51.2% during the third quarter. Stadium Capital Management LLC now owns 2,002,227 shares of the company’s stock valued at $49,235,000 after purchasing an additional 678,001 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of Sleep Number by 10.8% during the first quarter. Thrivent Financial for Lutherans now owns 892,936 shares of the company’s stock valued at $27,154,000 after purchasing an additional 87,104 shares during the period. State Street Corp increased its holdings in shares of Sleep Number by 1.0% during the second quarter. State Street Corp now owns 831,456 shares of the company’s stock valued at $22,682,000 after purchasing an additional 8,423 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Sleep Number by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 719,401 shares of the company’s stock valued at $36,483,000 after purchasing an additional 2,805 shares during the period. 85.67% of the stock is owned by institutional investors and hedge funds.

Sleep Number Stock Up 2.1 %

Shares of SNBR stock opened at $16.03 on Friday. The stock has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $15.36. Sleep Number Co. has a fifty-two week low of $9.00 and a fifty-two week high of $39.98. The stock has a market capitalization of $356.51 million, a P/E ratio of -23.57 and a beta of 1.97.

Sleep Number (NASDAQ:SNBRGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.90) by $0.32. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 0.81%. The business had revenue of $429.52 million during the quarter, compared to analysts’ expectations of $415.70 million. On average, sell-side analysts anticipate that Sleep Number Co. will post -0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wedbush raised their price target on Sleep Number from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Friday, February 23rd.

Get Our Latest Analysis on Sleep Number

Sleep Number Profile

(Free Report)

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.

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

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