BNP Paribas Financial Markets Has $787,000 Holdings in Sleep Number Co. (NASDAQ:SNBR)

BNP Paribas Financial Markets lessened its stake in shares of Sleep Number Co. (NASDAQ:SNBR - Free Report) by 42.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,657 shares of the company's stock after selling 38,513 shares during the quarter. BNP Paribas Financial Markets owned 0.23% of Sleep Number worth $787,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Sleep Number by 18.6% during the fourth quarter. Ameriprise Financial Inc. now owns 91,909 shares of the company's stock worth $1,401,000 after buying an additional 14,390 shares during the last quarter. Northern Trust Corp grew its position in Sleep Number by 1.1% during the 4th quarter. Northern Trust Corp now owns 198,667 shares of the company's stock worth $3,028,000 after acquiring an additional 2,167 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Sleep Number during the 4th quarter valued at $602,000. Price T Rowe Associates Inc. MD raised its position in Sleep Number by 36.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,562 shares of the company's stock valued at $497,000 after purchasing an additional 8,613 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its position in Sleep Number by 2.9% in the 4th 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. Institutional investors and hedge funds own 85.67% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Sleep Number from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Wedbush lowered their price objective on shares of Sleep Number from $18.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, March 6th. UBS Group set a $7.00 target price on shares of Sleep Number in a research note on Friday, April 25th. Finally, Piper Sandler decreased their price target on shares of Sleep Number from $11.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th.

Sleep Number Stock Down 0.4%

SNBR stock opened at $9.46 on Friday. Sleep Number Co. has a twelve month low of $4.48 and a twelve month high of $20.75. The company has a market cap of $214.36 million, a P/E ratio of -5.23 and a beta of 1.75. The business has a fifty day moving average of $6.82 and a 200-day moving average of $12.36.

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

Insider Buying and Selling at Sleep Number

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

About Sleep Number

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.

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