Sleep Number Co. (NASDAQ:SNBR) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund decreased its holdings in Sleep Number Co. (NASDAQ:SNBR – Get Rating) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,732 shares of the company’s stock after selling 1,009 shares during the period. Texas Permanent School Fund’s holdings in Sleep Number were worth $383,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Sleep Number by 0.6% during the 1st quarter. BlackRock Inc. now owns 3,535,447 shares of the company’s stock worth $179,282,000 after buying an additional 20,996 shares during the last quarter. State Street Corp increased its holdings in Sleep Number by 1.2% in the 2nd quarter. State Street Corp now owns 741,449 shares of the company’s stock valued at $22,948,000 after purchasing an additional 9,027 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Sleep Number by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 719,401 shares of the company’s stock valued at $36,483,000 after buying an additional 2,805 shares during the period. River Road Asset Management LLC boosted its position in Sleep Number by 1.8% in the 4th quarter. River Road Asset Management LLC now owns 624,465 shares of the company’s stock valued at $16,224,000 after buying an additional 11,090 shares during the period. Finally, Pictet Asset Management SA boosted its position in Sleep Number by 6.8% in the 3rd quarter. Pictet Asset Management SA now owns 428,957 shares of the company’s stock valued at $14,503,000 after buying an additional 27,275 shares during the period.

Sleep Number Price Performance

Shares of SNBR opened at $19.57 on Friday. Sleep Number Co. has a 1-year low of $19.14 and a 1-year high of $50.61. The stock has a market cap of $434.06 million, a PE ratio of 9.64, a price-to-earnings-growth ratio of 0.72 and a beta of 1.81. The firm has a fifty day moving average price of $25.80 and a 200 day moving average price of $29.36.

Sleep Number (NASDAQ:SNBR – Get Rating) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Sleep Number had a net margin of 2.18% and a negative return on equity of 10.55%. The firm had revenue of $526.53 million during the quarter, compared to analysts’ expectations of $533.11 million. During the same period in the previous year, the company earned $0.09 earnings per share. Sleep Number’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts expect that Sleep Number Co. will post 1.35 EPS for the current fiscal year.

Analyst Ratings Changes

SNBR has been the subject of several recent research reports. UBS Group raised their price target on shares of Sleep Number from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Wedbush decreased their price objective on shares of Sleep Number from $37.00 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, April 20th. StockNews.com began coverage on shares of Sleep Number in a research report on Thursday. They set a “hold” rating for the company. Finally, Piper Sandler decreased their price objective on shares of Sleep Number from $36.00 to $30.00 in a research report on Thursday, April 27th.

Insider Activity at Sleep Number

In other Sleep Number news, Director Brenda J. Lauderback sold 6,107 shares of Sleep Number stock in a transaction on Friday, February 24th. The shares were sold at an average price of $37.01, for a total value of $226,020.07. Following the transaction, the director now directly owns 34,966 shares in the company, valued at $1,294,091.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 7.20% of the stock is owned by corporate insiders.

Sleep Number Profile

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Sleep Number Corp. engages in the design, manufacture, marketing, and distribution of beds, proprietary beds, and other sleep-related accessory products. It offers beds under the brand name Sleep Number. The company was founded by Robert Walker and JoAnn Walker in 1987 and is headquartered in Minneapolis, MN.