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

Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of Sleep Number Co. (NASDAQ:SNBR) by 105.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 0.53% of Sleep Number worth $1,741,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SNBR. Stadium Capital Management LLC boosted its holdings in Sleep Number by 51.2% in the 3rd quarter. Stadium Capital Management LLC now owns 2,002,227 shares of the company’s stock valued at $49,235,000 after purchasing an additional 678,001 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Sleep Number by 15.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 618,152 shares of the company’s stock worth $15,200,000 after acquiring an additional 84,449 shares during the period. SW Investment Management LLC increased its stake in Sleep Number by 6.3% during the third quarter. SW Investment Management LLC now owns 584,672 shares of the company’s stock worth $14,377,000 after acquiring an additional 34,672 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Sleep Number by 588.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 239,838 shares of the company’s stock valued at $5,898,000 after purchasing an additional 205,015 shares during the period. Finally, Repertoire Partners LP purchased a new stake in Sleep Number in the third quarter valued at $1,451,000. 85.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SNBR shares. Wedbush reiterated a “neutral” rating and set a $13.50 price target on shares of Sleep Number in a report on Thursday. Piper Sandler lifted their price target on shares of Sleep Number from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, UBS Group upped their price objective 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 Price Performance

Shares of SNBR 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 company’s 50 day moving average price is $14.40 and its 200-day moving average price is $13.89. Sleep Number Co. has a 1 year low of $9.00 and a 1 year high of $39.98. The firm has a market capitalization of $316.64 million, a P/E ratio of -9.33 and a beta of 1.96.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.44. Sleep Number had a negative net margin of 1.87% and a negative return on equity of 1.05%. The company had revenue of $470.45 million for the quarter, compared to analyst estimates of $475.17 million. On average, equities analysts forecast that Sleep Number Co. will post -0.34 EPS for the current year.

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.