Citigroup Inc. Sells 10,300 Shares of Sleep Number Co. (NASDAQ:SNBR)

Citigroup Inc. lessened its stake in shares of Sleep Number Co. (NASDAQ:SNBR) by 53.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,952 shares of the company’s stock after selling 10,300 shares during the period. Citigroup Inc.’s holdings in Sleep Number were worth $220,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in shares of Sleep Number by 30.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,599 shares of the company’s stock worth $44,000 after purchasing an additional 371 shares in the last quarter. FMR LLC lifted its stake in Sleep Number by 59.7% in the second quarter. FMR LLC now owns 1,960 shares of the company’s stock valued at $60,000 after acquiring an additional 733 shares during the last quarter. Royal Bank of Canada lifted its stake in Sleep Number by 74.8% in the first quarter. Royal Bank of Canada now owns 1,369 shares of the company’s stock valued at $69,000 after acquiring an additional 586 shares during the last quarter. Quarry LP bought a new position in shares of Sleep Number in the 2nd quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Sleep Number by 297.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,970 shares of the company’s stock worth $101,000 after purchasing an additional 2,223 shares during the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush raised their target price on shares of Sleep Number from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Friday, February 23rd.

Sleep Number Trading Up 2.1 %

Shares of Sleep Number stock opened at $16.03 on Friday. The company has a 50 day moving average of $13.07 and a 200-day moving average of $15.36. The company has a market cap of $356.51 million, a PE ratio of -23.57 and a beta of 1.97. Sleep Number Co. has a 1-year low of $9.00 and a 1-year high of $39.98.

Sleep Number (NASDAQ:SNBR) last released its earnings results on Thursday, February 22nd. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.90) by $0.32. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 0.81%. The firm had revenue of $429.52 million during the quarter, compared to analysts’ expectations of $415.70 million. Research analysts forecast that Sleep Number Co. will post -0.34 earnings per share for the current year.

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.