State of Tennessee Treasury Department purchased a new position in Sleep Number Corp (NASDAQ:SNBR) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 32,369 shares of the company’s stock, valued at approximately $1,217,000.
A number of other hedge funds also recently added to or reduced their stakes in SNBR. BlackRock Inc. purchased a new position in Sleep Number in the 4th quarter worth approximately $188,325,000. Disciplined Growth Investors Inc. MN purchased a new position in Sleep Number in the 3rd quarter worth approximately $114,107,000. Acadian Asset Management LLC purchased a new position in Sleep Number in the 4th quarter worth approximately $27,020,000. River Road Asset Management LLC purchased a new position in Sleep Number in the 4th quarter worth approximately $26,988,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Sleep Number in the 4th quarter worth approximately $26,078,000.
A number of equities analysts have commented on SNBR shares. Zacks Investment Research cut shares of Sleep Number from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $47.00 price target (up previously from $40.00) on shares of Sleep Number in a research note on Friday, February 16th. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, ValuEngine raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Sleep Number presently has a consensus rating of “Hold” and a consensus price target of $34.00.
Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.13. The firm had revenue of $363.28 million during the quarter, compared to analyst estimates of $331.72 million. Sleep Number had a net margin of 4.51% and a return on equity of 61.21%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 EPS. equities analysts forecast that Sleep Number Corp will post 1.88 EPS for the current year.
In other news, EVP Andrew P. Carlin sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $37.00, for a total value of $111,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.26, for a total transaction of $298,080.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,545 shares of company stock valued at $1,517,056. Company insiders own 4.00% of the company’s stock.
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About Sleep Number
Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.
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