Sleep Number Co. (NASDAQ:SNBR) Shares Purchased by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in Sleep Number Co. (NASDAQ:SNBR) by 105.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 117,397 shares of the company’s stock after buying an additional 60,280 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Sleep Number were worth $1,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNBR. Jacobs Levy Equity Management Inc. boosted its position in shares of Sleep Number by 588.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 239,838 shares of the company’s stock worth $5,898,000 after acquiring an additional 205,015 shares during the last quarter. Stadium Capital Management LLC boosted its holdings in shares of Sleep Number by 51.2% in the 3rd quarter. Stadium Capital Management LLC now owns 2,002,227 shares of the company’s stock valued at $49,235,000 after purchasing an additional 678,001 shares during the last quarter. Swiss National Bank grew its stake in shares of Sleep Number by 2.7% during the 3rd quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $1,200,000 after buying an additional 1,300 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Sleep Number by 15.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 618,152 shares of the company’s stock worth $15,200,000 after buying an additional 84,449 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Sleep Number by 345.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company’s stock worth $175,000 after buying an additional 5,525 shares during the period. Hedge funds and other institutional investors own 85.67% of the company’s stock.

Sleep Number Trading Down 0.4 %

NASDAQ:SNBR traded down $0.05 during mid-day trading on Friday, hitting $14.18. The company had a trading volume of 567,961 shares, compared to its average volume of 503,868. The business has a fifty day simple moving average of $14.40 and a 200-day simple moving average of $13.89. The firm has a market capitalization of $316.64 million, a price-to-earnings ratio of -9.33 and a beta of 1.96. Sleep Number Co. has a 1 year low of $9.00 and a 1 year high of $39.98.

Sleep Number (NASDAQ:SNBR) last announced its earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.41) by $0.44. The business had revenue of $470.45 million for the quarter, compared to the consensus estimate of $475.17 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. As a group, research analysts anticipate that Sleep Number Co. will post -0.34 earnings per share for the current year.

Analysts Set New Price Targets

SNBR has been the subject of a number of research reports. UBS Group boosted their price target on Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler boosted their target price on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Wedbush restated a “neutral” rating and issued a $13.50 price target on shares of Sleep Number in a report on Thursday.

Sleep Number Profile

Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides smart adjustable bases under the FlextFit brand, and smart beds under the Climate 360 name.