Nuveen LLC Takes Position in Sleep Number Corporation $SNBR

Key Points

• Nuveen LLC has acquired a new position in Sleep Number Corporation by purchasing 66,663 shares valued at approximately $423,000, representing about 0.29% ownership of the company.
• Sleep Number recently reported an earnings miss, with an EPS of ($1.09) compared to analysts' expectations of ($0.12) and a revenue decline of 19.7% year-over-year.
• Institutional investors now own 85.67% of Sleep Number's stock, indicating strong interest from major financial players in the company.

Nuveen LLC purchased a new position in shares of Sleep Number Corporation (NASDAQ:SNBR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 66,663 shares of the company's stock, valued at approximately $423,000. Nuveen LLC owned approximately 0.29% of Sleep Number at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SNBR. Focus Financial Network Inc. acquired a new stake in shares of Sleep Number in the first quarter valued at about $67,000. CWM LLC grew its stake in Sleep Number by 218.7% in the first quarter. CWM LLC now owns 11,963 shares of the company's stock valued at $76,000 after purchasing an additional 8,209 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Sleep Number by 116.1% in the 1st quarter. GAMMA Investing LLC now owns 16,085 shares of the company's stock valued at $102,000 after buying an additional 8,642 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Sleep Number by 6,582.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company's stock valued at $115,000 after buying an additional 7,438 shares during the last quarter. Finally, Alpha Wealth Funds LLC bought a new position in shares of Sleep Number in the fourth quarter valued at $153,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Sleep Number Price Performance

NASDAQ SNBR traded down $0.42 on Wednesday, hitting $9.28. 394,877 shares of the stock were exchanged, compared to its average volume of 641,230. The company has a market capitalization of $211.31 million, a PE ratio of -5.10 and a beta of 1.77. The business's fifty day moving average is $8.98 and its 200 day moving average is $8.29. Sleep Number Corporation has a 52 week low of $4.48 and a 52 week high of $20.75.

Sleep Number (NASDAQ:SNBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The firm had revenue of $327.93 million for the quarter, compared to the consensus estimate of $357.42 million. Sleep Number's revenue was down 19.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.22) EPS. Sleep Number has set its FY 2025 guidance at EPS. Analysts predict that Sleep Number Corporation will post -0.42 EPS for the current fiscal year.

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.