SG Americas Securities LLC Raises Stock Position in Sleep Number Corp (NASDAQ:SNBR)

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SG Americas Securities LLC grew its holdings in Sleep Number Corp (NASDAQ:SNBR) by 86.3% during the second quarter, HoldingsChannel.com reports. The fund owned 20,639 shares of the company’s stock after purchasing an additional 9,559 shares during the quarter. SG Americas Securities LLC’s holdings in Sleep Number were worth $859,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Sleep Number by 11.6% in the 1st quarter. Alliancebernstein L.P. now owns 1,623,407 shares of the company’s stock valued at $31,104,000 after acquiring an additional 169,240 shares during the period. State Street Corp raised its stake in shares of Sleep Number by 3.1% in the 1st quarter. State Street Corp now owns 858,176 shares of the company’s stock valued at $16,443,000 after acquiring an additional 26,149 shares during the period. Geode Capital Management LLC raised its stake in shares of Sleep Number by 21.2% in the 4th quarter. Geode Capital Management LLC now owns 496,944 shares of the company’s stock valued at $24,468,000 after acquiring an additional 87,035 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Sleep Number by 1.1% in the 1st quarter. Nuveen Asset Management LLC now owns 485,956 shares of the company’s stock valued at $9,311,000 after acquiring an additional 5,119 shares during the period. Finally, Morgan Stanley increased its stake in Sleep Number by 3.7% during the 1st quarter. Morgan Stanley now owns 460,999 shares of the company’s stock worth $8,832,000 after buying an additional 16,301 shares during the period.

In other news, CEO Shelly Radue Ibach sold 11,872 shares of Sleep Number stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $53.70, for a total value of $637,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 43,041 shares of company stock valued at $2,271,302 over the last ninety days. Company insiders own 6.00% of the company’s stock.

Shares of SNBR stock opened at $46.50 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 17.39, a P/E/G ratio of 1.66 and a beta of 2.23. Sleep Number Corp has a 1-year low of $15.27 and a 1-year high of $61.00. The firm has a fifty day moving average of $44.19 and a two-hundred day moving average of $39.15.

Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, July 15th. The company reported ($0.45) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.67) by $0.22. The company had revenue of $284.94 million during the quarter, compared to analyst estimates of $233.80 million. Sleep Number had a net margin of 4.70% and a negative return on equity of 48.94%. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS. Equities research analysts predict that Sleep Number Corp will post 2.77 earnings per share for the current fiscal year.

SNBR has been the topic of several analyst reports. Wedbush lifted their price target on shares of Sleep Number from $30.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Zacks Investment Research raised shares of Sleep Number from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, June 16th. Piper Sandler lifted their price target on shares of Sleep Number from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. BidaskClub raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Finally, ValuEngine raised shares of Sleep Number from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.71.

Sleep Number Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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Want to see what other hedge funds are holding SNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sleep Number Corp (NASDAQ:SNBR).

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

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