US Bancorp DE Has $724,000 Stake in Sleep Number Corporation $SNBR

US Bancorp DE decreased its stake in Sleep Number Corporation (NASDAQ:SNBR) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,194 shares of the company’s stock after selling 1,523 shares during the quarter. US Bancorp DE owned approximately 0.47% of Sleep Number worth $724,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SNBR. AQR Capital Management LLC boosted its stake in Sleep Number by 283.3% in the 1st quarter. AQR Capital Management LLC now owns 403,061 shares of the company’s stock valued at $2,555,000 after buying an additional 297,916 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in Sleep Number by 188.6% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 396,777 shares of the company’s stock valued at $2,516,000 after buying an additional 259,314 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Sleep Number by 42.1% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 628,667 shares of the company’s stock valued at $3,986,000 after buying an additional 186,255 shares in the last quarter. Brightlight Capital Management LP boosted its stake in Sleep Number by 13.2% in the 1st quarter. Brightlight Capital Management LP now owns 1,111,700 shares of the company’s stock valued at $7,048,000 after buying an additional 129,212 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Sleep Number in the 1st quarter valued at $423,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Stock Performance

Sleep Number stock opened at $6.68 on Friday. The firm has a market cap of $152.11 million, a P/E ratio of -3.67 and a beta of 1.74. The business’s fifty day moving average is $8.72 and its two-hundred day moving average is $8.02. Sleep Number Corporation has a 52 week low of $4.48 and a 52 week high of $20.73.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The firm had revenue of $327.93 million during the quarter, compared to analyst estimates of $357.42 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. The firm’s revenue for the quarter was down 19.7% compared to the same quarter last year. Sleep Number has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Sleep Number Corporation will post -0.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sleep Number in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $8.33.

Sleep Number 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.