D. E. Shaw & Co. Inc. cut its position in Sleep Number Corp (NASDAQ:SNBR) by 26.9% during the second quarter, Holdings Channel reports. The firm owned 895,949 shares of the company’s stock after selling 329,224 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Sleep Number were worth $36,188,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in SNBR. Janney Montgomery Scott LLC grew its holdings in Sleep Number by 2.5% during the first quarter. Janney Montgomery Scott LLC now owns 11,986 shares of the company’s stock worth $563,000 after acquiring an additional 290 shares during the period. Bridge City Capital LLC grew its holdings in Sleep Number by 0.5% during the second quarter. Bridge City Capital LLC now owns 99,332 shares of the company’s stock worth $4,012,000 after acquiring an additional 483 shares during the period. Eqis Capital Management Inc. grew its holdings in Sleep Number by 9.2% during the second quarter. Eqis Capital Management Inc. now owns 7,477 shares of the company’s stock worth $302,000 after acquiring an additional 631 shares during the period. Penserra Capital Management LLC acquired a new stake in Sleep Number during the first quarter worth about $31,000. Finally, CWM Advisors LLC grew its holdings in Sleep Number by 16.6% during the second quarter. CWM Advisors LLC now owns 5,170 shares of the company’s stock worth $209,000 after acquiring an additional 737 shares during the period.
In other Sleep Number news, Director Jean Michel Valette sold 25,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shelly Radue Ibach sold 40,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $48.87, for a total value of $1,954,800.00. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
Sleep Number stock traded up $0.10 during midday trading on Friday, hitting $43.15. 336,551 shares of the company were exchanged, compared to its average volume of 365,417. The firm has a market capitalization of $1.26 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.04 and a beta of 1.16. Sleep Number Corp has a fifty-two week low of $30.44 and a fifty-two week high of $52.08. The business has a fifty day simple moving average of $43.20 and a two-hundred day simple moving average of $41.56.
Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.07. The company had revenue of $355.96 million for the quarter, compared to the consensus estimate of $336.30 million. Sleep Number had a negative return on equity of 66.17% and a net margin of 4.66%. Sleep Number’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. Equities research analysts expect that Sleep Number Corp will post 2.55 earnings per share for the current year.
Several analysts recently commented on the company. SunTrust Banks raised their target price on Sleep Number to $43.00 and gave the stock a “hold” rating in a report on Friday, July 26th. ValuEngine raised Sleep Number from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, BidaskClub lowered Sleep Number from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Six equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average target price of $44.75.
Sleep Number Profile
Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.
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