D. E. Shaw & Co. Inc. Has $14.05 Million Position in Sleep Number Co. (NASDAQ:SNBR)

D. E. Shaw & Co. Inc. reduced its position in Sleep Number Co. (NASDAQ:SNBR - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 921,724 shares of the company's stock after selling 48,572 shares during the period. D. E. Shaw & Co. Inc. owned approximately 4.12% of Sleep Number worth $14,047,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Sleep Number by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 1,254,866 shares of the company's stock valued at $19,124,000 after buying an additional 9,232 shares during the last quarter. Hodges Capital Management Inc. lifted its holdings in Sleep Number by 22.7% in the fourth quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company's stock worth $18,905,000 after acquiring an additional 229,587 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Sleep Number by 2.9% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 997,302 shares of the company's stock valued at $15,199,000 after purchasing an additional 28,492 shares during the last quarter. Brightlight Capital Management LP raised its position in shares of Sleep Number by 12.3% during the 4th quarter. Brightlight Capital Management LP now owns 982,488 shares of the company's stock worth $14,973,000 after purchasing an additional 107,837 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in Sleep Number during the 4th quarter valued at approximately $14,861,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sleep Number news, CFO Francis K. Lee purchased 7,200 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $7.12 per share, with a total value of $51,264.00. Following the acquisition, the chief financial officer now directly owns 92,970 shares of the company's stock, valued at approximately $661,946.40. This trade represents a 8.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Gary T. Fazio acquired 12,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $7.54 per share, with a total value of $90,480.00. Following the transaction, the insider now directly owns 71,125 shares in the company, valued at $536,282.50. The trade was a 20.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 80,220 shares of company stock valued at $576,206 over the last quarter. Corporate insiders own 6.80% of the company's stock.

Analysts Set New Price Targets

SNBR has been the subject of several analyst reports. StockNews.com downgraded Sleep Number from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. UBS Group set a $7.00 target price on Sleep Number in a report on Friday, April 25th. Piper Sandler cut their target price on shares of Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Finally, Wedbush decreased their price target on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th.

Sleep Number Price Performance

SNBR traded down $0.16 on Monday, reaching $9.12. 32,831 shares of the company traded hands, compared to its average volume of 627,779. Sleep Number Co. has a 52-week low of $4.48 and a 52-week high of $20.75. The company has a market cap of $206.55 million, a price-to-earnings ratio of -5.04 and a beta of 1.75. The stock's 50 day moving average price is $6.61 and its 200-day moving average price is $12.45.

Sleep Number (NASDAQ:SNBR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.27). The company had revenue of $393.26 million for the quarter, compared to analyst estimates of $397.95 million. During the same period in the prior year, the company posted ($0.33) earnings per share. The company's revenue for the quarter was down 16.4% compared to the same quarter last year. As a group, equities research analysts forecast that Sleep Number Co. will post -0.42 earnings per share for the current fiscal year.

Sleep Number Company 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.