Thrivent Financial For Lutherans Buys New Stake in Sleep Number Corp (SNBR)

Thrivent Financial For Lutherans bought a new position in Sleep Number Corp (NASDAQ:SNBR) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,513 shares of the company’s stock, valued at approximately $959,000. Thrivent Financial For Lutherans owned about 0.06% of Sleep Number at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Sleep Number in the fourth quarter valued at approximately $114,000. Meeder Asset Management Inc. bought a new stake in Sleep Number in the fourth quarter valued at approximately $184,000. LS Investment Advisors LLC bought a new stake in Sleep Number in the fourth quarter valued at approximately $201,000. Jane Street Group LLC lifted its position in Sleep Number by 104.8% in the third quarter. Jane Street Group LLC now owns 6,800 shares of the company’s stock valued at $211,000 after purchasing an additional 147,100 shares during the last quarter. Finally, Fagan Associates Inc. bought a new stake in Sleep Number in the fourth quarter valued at approximately $211,000.

Several analysts have weighed in on the company. BidaskClub upgraded Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Zacks Investment Research downgraded Sleep Number from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $34.00.

In other news, EVP Andrew P. Carlin sold 5,765 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $36.87, for a total transaction of $212,555.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $38.35, for a total value of $306,800.00. The disclosure for this sale can be found here. Insiders have sold 41,545 shares of company stock worth $1,517,056 over the last three months. Insiders own 4.00% of the company’s stock.

SNBR stock opened at $33.68 on Friday. Sleep Number Corp has a 12 month low of $23.14 and a 12 month high of $40.72. The stock has a market capitalization of $1,303.56, a P/E ratio of 21.04, a PEG ratio of 0.94 and a beta of 0.81.

Sleep Number (NASDAQ:SNBR) last posted its earnings results on Thursday, February 15th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.13. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. The firm had revenue of $363.28 million for the quarter, compared to analysts’ expectations of $331.72 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. analysts anticipate that Sleep Number Corp will post 1.87 EPS for the current fiscal year.

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Sleep Number Profile

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

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

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