Deutsche Bank AG Trims Stock Position in Sleep Number Corporation $SNBR

Deutsche Bank AG decreased its position in shares of Sleep Number Corporation (NASDAQ:SNBR) by 8.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,686 shares of the company’s stock after selling 1,715 shares during the quarter. Deutsche Bank AG owned approximately 0.08% of Sleep Number worth $112,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Sleep Number by 26.7% in the 4th quarter. Wells Fargo & Company MN now owns 13,063 shares of the company’s stock valued at $199,000 after purchasing an additional 2,756 shares during the last quarter. Barclays PLC increased its position in Sleep Number by 16.0% during the fourth quarter. Barclays PLC now owns 32,811 shares of the company’s stock worth $501,000 after buying an additional 4,531 shares during the period. Dimensional Fund Advisors LP increased its position in Sleep Number by 10.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 425,278 shares of the company’s stock worth $6,482,000 after buying an additional 41,217 shares during the period. Tower Research Capital LLC TRC lifted its stake in Sleep Number by 6,582.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company’s stock valued at $115,000 after buying an additional 7,438 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Sleep Number by 36.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,562 shares of the company’s stock valued at $497,000 after acquiring an additional 8,613 shares during the period. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Trading Down 0.6%

Shares of SNBR opened at $10.53 on Monday. The company’s 50 day simple moving average is $8.52 and its 200-day simple moving average is $8.56. The firm has a market cap of $239.77 million, a PE ratio of -5.79 and a beta of 1.77. Sleep Number Corporation has a 12-month low of $4.48 and a 12-month high of $20.75.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($1.09) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The company had revenue of $327.93 million for the quarter, compared to analysts’ expectations of $357.42 million. During the same period last year, the business posted ($0.22) EPS. Sleep Number’s revenue was down 19.7% compared to the same quarter last year. Sleep Number has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sleep Number Corporation will post -0.42 EPS for the current fiscal year.

Sleep Number Company Profile

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.