Maverick Capital Ltd. Has $442,000 Stock Position in Sleep Number Corporation $SNBR

Key Points

• Maverick Capital Ltd. increased its stake in Sleep Number Corporation by 78.8%, owning approximately 0.31% of the company worth $442,000 after acquiring an additional 30,694 shares in the first quarter.
• Sleep Number reported a loss of ($1.09) EPS for the last quarter, significantly missing analysts' expectations of (0.12) EPS, with revenues down 19.7% year-over-year.
• The company's shares are currently valued at $10.04, having fluctuated between a 12-month low of $4.48 and a high of $20.75, while institutional investors now hold 85.67% of its stock.

Maverick Capital Ltd. grew its holdings in Sleep Number Corporation (NASDAQ:SNBR - Free Report) by 78.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,649 shares of the company's stock after buying an additional 30,694 shares during the quarter. Maverick Capital Ltd. owned approximately 0.31% of Sleep Number worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SNBR. Focus Financial Network Inc. acquired a new stake in shares of Sleep Number in the first quarter valued at $67,000. CWM LLC increased its stake 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 in the last quarter. GAMMA Investing LLC increased its stake 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 in the last quarter. Tower Research Capital LLC TRC increased its position in Sleep Number by 6,582.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,551 shares of the company's stock worth $115,000 after purchasing an additional 7,438 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Sleep Number in the first quarter worth about $142,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Sleep Number Stock Up 0.6%

SNBR stock traded up $0.06 during midday trading on Monday, reaching $9.73. The stock had a trading volume of 227,484 shares, compared to its average volume of 641,302. The business has a fifty day simple moving average of $8.83 and a two-hundred day simple moving average of $8.31. The firm has a market cap of $221.53 million, a price-to-earnings ratio of -5.35 and a beta of 1.77. Sleep Number Corporation has a twelve month low of $4.48 and a twelve month high of $20.75.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.97). The company had revenue of $327.93 million during the quarter, compared to analysts' expectations of $357.42 million. The firm's revenue for the quarter was down 19.7% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. Sleep Number has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sleep Number Corporation will post -0.42 earnings per share 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.