Sleep Number Corporation (NASDAQ:SNBR) Shares Bought by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC raised its stake in shares of Sleep Number Corporation (NASDAQ:SNBR - Free Report) by 188.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 396,777 shares of the company's stock after buying an additional 259,314 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC owned about 1.75% of Sleep Number worth $2,516,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its stake in shares of Sleep Number by 18.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 385,599 shares of the company's stock valued at $5,877,000 after buying an additional 60,410 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Sleep Number during the 4th quarter valued at about $830,000. JPMorgan Chase & Co. raised its stake in shares of Sleep Number by 98.0% during the 4th quarter. JPMorgan Chase & Co. now owns 226,144 shares of the company's stock valued at $3,446,000 after buying an additional 111,915 shares during the last quarter. NBC Securities Inc. raised its stake in shares of Sleep Number by 84,034.6% during the 1st quarter. NBC Securities Inc. now owns 43,750 shares of the company's stock valued at $277,000 after buying an additional 43,698 shares during the last quarter. Finally, Formula Growth Ltd. raised its stake in shares of Sleep Number by 31.8% during the 4th quarter. Formula Growth Ltd. now owns 485,206 shares of the company's stock valued at $7,395,000 after buying an additional 117,055 shares during the last quarter. Hedge funds and other institutional investors own 85.67% of the company's stock.

Sleep Number Stock Performance

Shares of Sleep Number stock traded down $0.37 on Friday, hitting $6.91. The company's stock had a trading volume of 435,720 shares, compared to its average volume of 522,791. Sleep Number Corporation has a 1 year low of $4.48 and a 1 year high of $20.75. The firm has a fifty day moving average price of $8.38 and a 200-day moving average price of $10.24. The company has a market capitalization of $156.58 million, a price-to-earnings ratio of -7.25 and a beta of 1.72.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate 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 in the previous year, the company posted ($0.33) EPS. The firm's quarterly revenue was down 16.4% compared to the same quarter last year. As a group, analysts forecast that Sleep Number Corporation will post -0.42 EPS for the current year.

Insider Activity

In other news, CEO Linda Findley acquired 61,020 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were bought at an average cost of $7.12 per share, for a total transaction of $434,462.40. Following the acquisition, the chief executive officer owned 604,106 shares in the company, valued at approximately $4,301,234.72. This represents a 11.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Francis K. Lee acquired 7,200 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $7.12 per share, for a total transaction of $51,264.00. Following the completion of the acquisition, the chief financial officer owned 92,970 shares in the company, valued at $661,946.40. The trade was a 8.39% increase in their position. The disclosure for this purchase can be found here. 7.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SNBR. UBS Group set a $7.00 price objective on Sleep Number in a research note on Friday, April 25th. Wall Street Zen lowered Sleep Number from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Piper Sandler cut their price target 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.

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.