Raymond James & Associates raised its stake in shares of Sleep Number Corp (NASDAQ:SNBR) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,519 shares of the company’s stock after purchasing an additional 27,110 shares during the quarter. Raymond James & Associates owned approximately 0.50% of Sleep Number worth $5,252,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of SNBR. NEXT Financial Group Inc increased its position in Sleep Number by 2,577.4% during the 4th quarter. NEXT Financial Group Inc now owns 4,150 shares of the company’s stock valued at $132,000 after purchasing an additional 3,995 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Sleep Number during the 3rd quarter valued at $206,000. PNC Financial Services Group Inc. boosted its holdings in shares of Sleep Number by 1,045.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,531 shares of the company’s stock valued at $207,000 after buying an additional 5,961 shares in the last quarter. LPL Financial LLC bought a new stake in shares of Sleep Number during the 4th quarter valued at $231,000. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Sleep Number by 26.6% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,084 shares of the company’s stock valued at $297,000 after buying an additional 1,700 shares in the last quarter.
A number of analysts have recently commented on the stock. ValuEngine cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. BidaskClub cut shares of Sleep Number from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 18th. Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, March 12th. Piper Jaffray Companies boosted their target price on shares of Sleep Number to $43.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Finally, SunTrust Banks boosted their target price on shares of Sleep Number to $35.00 and gave the company a “hold” rating in a report on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.83.
Shares of Sleep Number stock opened at $47.19 on Friday. The stock has a market capitalization of $1.44 billion, a P/E ratio of 24.58, a PEG ratio of 1.02 and a beta of 1.29. Sleep Number Corp has a 1 year low of $26.22 and a 1 year high of $48.24.
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About Sleep Number
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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