Invesco Ltd. lessened its position in Sleep Number Corporation (NASDAQ:SNBR - Free Report) by 13.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,648 shares of the company's stock after selling 29,655 shares during the period. Invesco Ltd. owned about 0.84% of Sleep Number worth $1,202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Focus Financial Network Inc. bought a new position in Sleep Number during the first quarter worth about $67,000. CWM LLC lifted its position in shares of 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 buying an additional 8,209 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Sleep Number by 116.1% in the first 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 stake in shares of Sleep Number by 6,582.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company's stock worth $115,000 after acquiring an additional 7,438 shares during the period. Finally, Alpha Wealth Funds LLC bought a new stake in Sleep Number in the 4th quarter valued at $153,000. 85.67% of the stock is owned by institutional investors.
Sleep Number Price Performance
SNBR stock traded up $0.07 during midday trading on Thursday, reaching $9.73. 183,382 shares of the company were exchanged, compared to its average volume of 644,689. Sleep Number Corporation has a one year low of $4.48 and a one year high of $20.75. The firm has a market capitalization of $221.55 million, a price-to-earnings ratio of -5.35 and a beta of 1.77. The business has a 50-day moving average price of $8.72 and a two-hundred day moving average price of $8.52.
Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($1.09) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.97). The company had revenue of $327.93 million for the quarter, compared to analyst estimates of $357.42 million. During the same period last year, the firm earned ($0.22) earnings per share. The business's revenue for the quarter was down 19.7% compared to the same quarter last year. Sleep Number has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Sleep Number Corporation will post -0.42 earnings per share for the current fiscal year.
Sleep Number Profile
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Free Report)
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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