State Board of Administration of Florida Retirement System lessened its holdings in Sleep Number Corp (NASDAQ:SNBR) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,541 shares of the company’s stock after selling 3,500 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Sleep Number worth $1,104,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its position in Sleep Number by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 19,986 shares of the company’s stock valued at $709,000 after purchasing an additional 52 shares during the period. Victory Capital Management Inc. grew its position in Sleep Number by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,062 shares of the company’s stock valued at $180,000 after purchasing an additional 759 shares during the period. Principal Financial Group Inc. grew its position in Sleep Number by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 327,327 shares of the company’s stock valued at $11,617,000 after purchasing an additional 874 shares during the period. Great West Life Assurance Co. Can grew its position in Sleep Number by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 62,691 shares of the company’s stock valued at $2,225,000 after purchasing an additional 1,523 shares during the period. Finally, Tudor Investment Corp ET AL boosted its holdings in Sleep Number by 5.2% during the 2nd quarter. Tudor Investment Corp ET AL now owns 31,666 shares of the company’s stock worth $1,124,000 after acquiring an additional 1,571 shares during the last quarter.
Shares of Sleep Number Corp (NASDAQ SNBR) traded up $1.43 on Monday, hitting $37.19. The stock had a trading volume of 1,042,441 shares, compared to its average volume of 986,027. Sleep Number Corp has a 12-month low of $18.89 and a 12-month high of $37.94. The company has a market capitalization of $1,423.93, a PE ratio of 23.37, a PEG ratio of 1.45 and a beta of 0.61.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.06). Sleep Number had a net margin of 4.34% and a return on equity of 51.12%. The company had revenue of $402.64 million for the quarter, compared to the consensus estimate of $413.89 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts expect that Sleep Number Corp will post 1.37 earnings per share for the current year.
In other Sleep Number news, Director Michael A. Peel sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $33.80, for a total value of $101,400.00. Following the completion of the sale, the director now owns 80,412 shares of the company’s stock, valued at $2,717,925.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $32.07, for a total value of $256,560.00. Following the completion of the sale, the senior vice president now directly owns 56,186 shares of the company’s stock, valued at approximately $1,801,885.02. The disclosure for this sale can be found here. Insiders have sold 28,560 shares of company stock valued at $944,414 in the last three months. 4.00% of the stock is owned by insiders.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Sleep Number from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America downgraded shares of Sleep Number from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Piper Jaffray Companies set a $38.00 price objective on shares of Sleep Number and gave the stock a “buy” rating in a report on Wednesday, October 11th. Raymond James Financial upgraded Sleep Number from a “market perform” rating to an “outperform” rating and set a $35.00 target price on the stock in a research note on Monday, October 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Sleep Number in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Sleep Number currently has a consensus rating of “Hold” and an average target price of $30.67.
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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.
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