Sleep Number Co. (NASDAQ:SNBR) Shares Sold by Arizona State Retirement System

Arizona State Retirement System trimmed its position in Sleep Number Co. (NASDAQ:SNBRGet Rating) by 3.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,122 shares of the company’s stock after selling 236 shares during the period. Arizona State Retirement System’s holdings in Sleep Number were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in SNBR. Allspring Global Investments Holdings LLC acquired a new stake in Sleep Number in the fourth quarter worth approximately $710,000. Yousif Capital Management LLC acquired a new stake in Sleep Number in the fourth quarter worth approximately $1,664,000. DekaBank Deutsche Girozentrale lifted its position in Sleep Number by 36.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 10,135 shares of the company’s stock worth $788,000 after purchasing an additional 2,683 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Sleep Number by 30.7% in the fourth quarter. Pacer Advisors Inc. now owns 89,706 shares of the company’s stock valued at $6,871,000 after buying an additional 21,097 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of Sleep Number by 5.7% in the fourth quarter. Virginia Retirement Systems ET AL now owns 11,100 shares of the company’s stock valued at $850,000 after buying an additional 600 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Sleep Number Stock Down 3.9 %

Shares of NASDAQ:SNBR opened at $42.94 on Friday. The company’s fifty day moving average is $36.95 and its two-hundred day moving average is $50.31. Sleep Number Co. has a 12-month low of $29.68 and a 12-month high of $105.98. The company has a market cap of $954.64 million, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.98.

Sleep Number (NASDAQ:SNBRGet Rating) last announced its earnings results on Wednesday, July 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.92. Sleep Number had a net margin of 4.61% and a negative return on equity of 22.93%. The company had revenue of $549.07 million for the quarter, compared to the consensus estimate of $506.14 million. During the same period in the previous year, the business earned $0.88 EPS. The company’s revenue was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Sleep Number Co. will post 3.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SNBR. UBS Group dropped 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. StockNews.com raised Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Piper Sandler dropped their price target on Sleep Number from $49.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, June 14th. Finally, Bank of America dropped their price target on Sleep Number from $55.00 to $45.00 and set an “underperform” rating on the stock in a report on Monday, April 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.25.

Sleep Number Profile

(Get Rating)

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.

Further Reading

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

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