Pacific Ridge Capital Partners LLC increased its holdings in shares of Sleep Number Corporation (NASDAQ:SNBR - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 628,667 shares of the company's stock after purchasing an additional 186,255 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.77% of Sleep Number worth $3,986,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in Sleep Number by 102.7% in the 1st quarter. Federated Hermes Inc. now owns 98,212 shares of the company's stock valued at $623,000 after buying an additional 49,764 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Sleep Number during the 1st quarter worth $279,000. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Sleep Number by 188.6% during the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 396,777 shares of the company's stock worth $2,516,000 after purchasing an additional 259,314 shares in the last quarter. CWM LLC boosted 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 worth $76,000 after buying an additional 8,209 shares during the period. Finally, Focus Financial Network Inc. purchased a new stake in shares of Sleep Number in the first quarter worth about $67,000. Hedge funds and other institutional investors own 85.67% of the company's stock.
Sleep Number Stock Performance
Shares of SNBR stock traded up $0.18 during trading hours on Wednesday, hitting $9.28. 275,850 shares of the company were exchanged, compared to its average volume of 641,853. Sleep Number Corporation has a one year low of $4.48 and a one year high of $20.75. The business's 50-day simple moving average is $8.04 and its two-hundred day simple moving average is $9.53. The stock has a market capitalization of $211.19 million, a price-to-earnings ratio of -5.08 and a beta of 1.71.
Sleep Number (NASDAQ:SNBR - Get Free Report) last issued its quarterly 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 firm had revenue of $327.93 million for the quarter, compared to analyst estimates of $357.42 million. During the same quarter last year, the firm earned ($0.22) earnings per share. The business's revenue was down 19.7% on a year-over-year basis. As a group, analysts anticipate that Sleep Number Corporation will post -0.42 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SNBR. UBS Group set a $7.00 target price on Sleep Number in a research note on Friday, April 25th. Wall Street Zen downgraded Sleep Number from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Piper Sandler lowered their target price on Sleep Number from $11.00 to $6.00 and set a "neutral" rating for the company in a research note on Friday, April 11th.
Check Out Our Latest Analysis on SNBR
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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