Sleep Number Co. (NASDAQ:SNBR) Shares Acquired by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in Sleep Number Co. (NASDAQ:SNBR - Free Report) by 105.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,397 shares of the company's stock after purchasing an additional 60,280 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC owned approximately 0.53% of Sleep Number worth $1,741,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SNBR. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sleep Number by 27.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company's stock valued at $77,000 after acquiring an additional 1,114 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Sleep Number by 345.5% during the third quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company's stock valued at $175,000 after acquiring an additional 5,525 shares during the last quarter. Tectonic Advisors LLC grew its position in Sleep Number by 61.8% during the fourth quarter. Tectonic Advisors LLC now owns 30,089 shares of the company's stock valued at $446,000 after acquiring an additional 11,492 shares during the last quarter. First Dallas Securities Inc. bought a new position in Sleep Number during the third quarter valued at approximately $601,000. Finally, Swiss National Bank grew its position in Sleep Number by 2.7% during the third quarter. Swiss National Bank now owns 48,800 shares of the company's stock valued at $1,200,000 after acquiring an additional 1,300 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SNBR has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Sleep Number from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday. Wedbush restated a "neutral" rating and issued a $13.50 target price on shares of Sleep Number in a report on Thursday. Finally, UBS Group raised their target price on shares of Sleep Number from $12.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday.

Sleep Number Stock Down 0.4 %

Shares of Sleep Number stock traded down $0.05 on Friday, hitting $14.18. The stock had a trading volume of 567,961 shares, compared to its average volume of 503,868. The stock's 50-day simple moving average is $14.40 and its two-hundred day simple moving average is $13.86. Sleep Number Co. has a one year low of $9.00 and a one year high of $39.98. The stock has a market cap of $316.64 million, a price-to-earnings ratio of -9.33 and a beta of 1.96.

Sleep Number (NASDAQ:SNBR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.44. The company had revenue of $470.45 million during the quarter, compared to analyst estimates of $475.17 million. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. As a group, equities analysts predict that Sleep Number Co. will post -0.34 EPS for the current fiscal year.

Sleep Number Company 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.