State of Alaska Department of Revenue increased its position in shares of Sleep Number Co. (NASDAQ:SNBR – Get Rating) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,804 shares of the company's stock after acquiring an additional 1,050 shares during the period. State of Alaska Department of Revenue owned approximately 0.08% of Sleep Number worth $520,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of SNBR. CWM LLC increased its holdings in Sleep Number by 164.8% during the 1st quarter. CWM LLC now owns 511 shares of the company's stock worth $26,000 after acquiring an additional 318 shares during the period. Royal Bank of Canada increased its holdings in Sleep Number by 74.8% during the 1st quarter. Royal Bank of Canada now owns 1,369 shares of the company's stock worth $69,000 after acquiring an additional 586 shares during the period. Gladius Capital Management LP increased its holdings in Sleep Number by 43.8% during the 1st quarter. Gladius Capital Management LP now owns 1,698 shares of the company's stock worth $87,000 after acquiring an additional 517 shares during the period. Captrust Financial Advisors increased its holdings in Sleep Number by 153.6% during the 1st quarter. Captrust Financial Advisors now owns 2,166 shares of the company's stock worth $110,000 after acquiring an additional 1,312 shares during the period. Finally, National Bank of Canada FI increased its holdings in Sleep Number by 38.9% during the 1st quarter. National Bank of Canada FI now owns 3,964 shares of the company's stock worth $201,000 after acquiring an additional 1,110 shares during the period.
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Analyst Ratings Changes
A number of equities analysts have commented on SNBR shares. Piper Sandler cut their price target on shares of Sleep Number from $49.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, June 14th. StockNews.com raised shares of Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, July 28th. Finally, UBS Group cut their price target on shares of Sleep Number from $40.00 to $38.00 and set a "neutral" rating for the company in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $44.25.
Sleep Number Stock Performance
Shares of Sleep Number stock opened at $33.81 on Monday. Sleep Number Co. has a 52-week low of $29.68 and a 52-week high of $97.94. The stock has a market capitalization of $742.60 million, a price-to-earnings ratio of 7.83, a price-to-earnings-growth ratio of 0.79 and a beta of 1.98. The company has a fifty day moving average of $42.11 and a 200-day moving average of $42.75.
Sleep Number (NASDAQ:SNBR – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $506.14 million. During the same quarter in the prior year, the company earned $0.88 EPS. The firm's revenue was up 13.4% on a year-over-year basis. On average, equities research analysts forecast that Sleep Number Co. will post 3.33 earnings per share for the current fiscal year.
Sleep Number Profile
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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.
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