State Board of Administration of Florida Retirement System Has $309,000 Stake in Sleep Number Co. (NASDAQ:SNBR)

State Board of Administration of Florida Retirement System trimmed its position in shares of Sleep Number Co. (NASDAQ:SNBRGet Rating) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,999 shares of the company’s stock after selling 560 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Sleep Number were worth $309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. CWM LLC lifted its holdings in shares of Sleep Number by 68.7% during the 2nd quarter. CWM LLC now owns 862 shares of the company’s stock valued at $27,000 after buying an additional 351 shares during the last quarter. Royal Bank of Canada lifted its holdings in Sleep Number by 74.8% in the 1st quarter. Royal Bank of Canada now owns 1,369 shares of the company’s stock worth $69,000 after purchasing an additional 586 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Sleep Number by 153.6% in the 1st quarter. Captrust Financial Advisors now owns 2,166 shares of the company’s stock worth $110,000 after purchasing an additional 1,312 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Sleep Number by 142.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,656 shares of the company’s stock worth $1,367,000 after purchasing an additional 2,147 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Sleep Number by 38.9% in the 1st quarter. National Bank of Canada FI now owns 3,964 shares of the company’s stock worth $201,000 after purchasing an additional 1,110 shares during the last quarter.

Sleep Number Stock Down 2.7 %

Shares of NASDAQ SNBR opened at $30.96 on Monday. The business’s 50 day moving average is $34.23 and its two-hundred day moving average is $37.94. The company has a market cap of $681.15 million, a P/E ratio of 13.34, a P/E/G ratio of 1.43 and a beta of 1.83. Sleep Number Co. has a 12 month low of $24.04 and a 12 month high of $83.81.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNBR. UBS Group reduced their target price on Sleep Number from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. StockNews.com lowered Sleep Number from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Piper Sandler reduced their target price on Sleep Number from $36.00 to $26.00 in a report on Thursday, October 27th. Finally, Wedbush reduced their target price on Sleep Number from $33.00 to $27.00 in a report on Thursday, October 27th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.00.

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.

See Also

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

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