Koch Industries Inc. acquired a new position in shares of Sleep Number Corp (NASDAQ:SNBR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,687 shares of the company’s stock, valued at approximately $289,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Sleep Number in the fourth quarter worth about $114,000. Meeder Asset Management Inc. bought a new position in shares of Sleep Number in the fourth quarter worth about $184,000. LS Investment Advisors LLC bought a new position in shares of Sleep Number in the fourth quarter worth about $201,000. Jane Street Group LLC lifted its holdings in shares of Sleep Number by 104.8% in the third quarter. Jane Street Group LLC now owns 6,800 shares of the company’s stock worth $211,000 after acquiring an additional 147,100 shares during the last quarter. Finally, Fagan Associates Inc. bought a new position in shares of Sleep Number in the fourth quarter worth about $211,000.
SNBR has been the subject of a number of research reports. Zacks Investment Research cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 target price (up previously from $40.00) on shares of Sleep Number in a report on Friday, February 16th. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, ValuEngine raised shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $34.00.
Sleep Number stock opened at $34.88 on Friday. Sleep Number Corp has a 1 year low of $24.21 and a 1 year high of $40.72. The company has a market capitalization of $1,344.74, a PE ratio of 23.41, a PEG ratio of 0.96 and a beta of 0.82.
Sleep Number (NASDAQ:SNBR) last released its quarterly earnings data 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 company had revenue of $363.28 million during the quarter, compared to the consensus estimate of $331.72 million. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The firm’s revenue was up 15.9% compared to the same quarter last year. analysts expect that Sleep Number Corp will post 1.88 EPS for the current fiscal year.
In other Sleep Number news, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $37.26, for a total transaction of $298,080.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Andrew P. Carlin sold 5,765 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.87, for a total transaction of $212,555.55. The disclosure for this sale can be found here. Insiders sold 41,545 shares of company stock valued at $1,491,216 in the last ninety days. 4.00% of the stock is currently owned by insiders.
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About Sleep Number
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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