Swiss National Bank Decreases Stake in Sleep Number Co. (NASDAQ:SNBR)

Swiss National Bank lessened its stake in Sleep Number Co. (NASDAQ:SNBRFree Report) by 19.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 39,400 shares of the company’s stock after selling 9,400 shares during the quarter. Swiss National Bank owned 0.18% of Sleep Number worth $584,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Sleep Number by 85.2% in the 4th quarter. Russell Investments Group Ltd. now owns 46,154 shares of the company’s stock valued at $684,000 after buying an additional 21,233 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in Sleep Number by 105.5% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 117,397 shares of the company’s stock worth $1,741,000 after purchasing an additional 60,280 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sleep Number by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock worth $77,000 after purchasing an additional 1,114 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Sleep Number by 61.8% during the fourth quarter. Tectonic Advisors LLC now owns 30,089 shares of the company’s stock worth $446,000 after purchasing an additional 11,492 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Sleep Number by 345.5% during the third quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company’s stock worth $175,000 after purchasing an additional 5,525 shares during the last quarter. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Analyst Upgrades and Downgrades

SNBR has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Wedbush restated a “neutral” rating and set a $13.50 target price on shares of Sleep Number in a research note on Thursday, April 25th. Finally, UBS Group boosted their target price on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th.

Get Our Latest Stock Report on Sleep Number

Sleep Number Stock Up 2.9 %

SNBR opened at $15.12 on Friday. The firm has a market cap of $337.63 million, a price-to-earnings ratio of -9.95 and a beta of 2.04. Sleep Number Co. has a 52 week low of $9.00 and a 52 week high of $39.98. The business’s 50 day moving average is $14.28 and its two-hundred day moving average is $13.46.

Sleep Number (NASDAQ:SNBRGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.44. The company had revenue of $470.45 million for the quarter, compared to analyst estimates of $475.17 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. Equities analysts expect that Sleep Number Co. will post 0.09 EPS for the current fiscal year.

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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