WINTON GROUP Ltd cut its stake in shares of Sleep Number Corp (NASDAQ:SNBR) by 45.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,544 shares of the company’s stock after selling 6,317 shares during the quarter. WINTON GROUP Ltd’s holdings in Sleep Number were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently made changes to their positions in SNBR. NumerixS Investment Technologies Inc bought a new stake in Sleep Number during the second quarter valued at approximately $149,000. Itau Unibanco Holding S.A. bought a new stake in Sleep Number during the second quarter valued at approximately $155,000. Cubist Systematic Strategies LLC bought a new stake in Sleep Number during the second quarter valued at approximately $178,000. Riverhead Capital Management LLC lifted its position in Sleep Number by 36.3% during the second quarter. Riverhead Capital Management LLC now owns 6,384 shares of the company’s stock valued at $185,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Tyers Asset Management LLC lifted its position in Sleep Number by 37.6% during the second quarter. Tyers Asset Management LLC now owns 6,972 shares of the company’s stock valued at $202,000 after purchasing an additional 1,904 shares during the last quarter.
SNBR has been the subject of several research analyst reports. BidaskClub upgraded shares of Sleep Number from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 24th. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. TheStreet lowered shares of Sleep Number from a “b-” rating to a “c” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Sleep Number has a consensus rating of “Buy” and an average price target of $35.80.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, July 25th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $316.34 million during the quarter, compared to analyst estimates of $314.81 million. Sleep Number had a net margin of 4.47% and a return on equity of 115.80%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) EPS. On average, research analysts predict that Sleep Number Corp will post 1.81 earnings per share for the current year.
In other Sleep Number news, CFO David R. Callen acquired 1,000 shares of the stock in a transaction dated Monday, July 30th. The stock was purchased at an average cost of $27.88 per share, for a total transaction of $27,880.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shelly Radue Ibach sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $38.00, for a total transaction of $380,000.00. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.
Sleep Number Company 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 and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.
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