Barclays PLC Purchases 20,769 Shares of Sleep Number Co. (NASDAQ:SNBR)

Barclays PLC raised its position in shares of Sleep Number Co. (NASDAQ:SNBR - Free Report) by 276.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,280 shares of the company's stock after purchasing an additional 20,769 shares during the period. Barclays PLC owned approximately 0.13% of Sleep Number worth $518,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SNBR. Stadium Capital Management LLC raised its holdings in shares of Sleep Number by 8.8% during the 3rd quarter. Stadium Capital Management LLC now owns 2,008,367 shares of the company's stock valued at $36,793,000 after buying an additional 162,164 shares in the last quarter. Hodges Capital Management Inc. grew its position in Sleep Number by 146.6% during the third quarter. Hodges Capital Management Inc. now owns 1,010,920 shares of the company's stock valued at $18,520,000 after acquiring an additional 601,005 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Sleep Number by 3.6% during the third quarter. Geode Capital Management LLC now owns 518,045 shares of the company's stock worth $9,493,000 after acquiring an additional 18,182 shares in the last quarter. State Street Corp lifted its holdings in shares of Sleep Number by 0.6% in the 3rd quarter. State Street Corp now owns 440,547 shares of the company's stock worth $8,071,000 after acquiring an additional 2,472 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Sleep Number by 326.7% in the 2nd quarter. Millennium Management LLC now owns 370,987 shares of the company's stock valued at $3,550,000 after purchasing an additional 284,052 shares in the last quarter. Institutional investors own 85.67% of the company's stock.

Sleep Number Price Performance

SNBR traded down $0.95 during trading on Friday, hitting $16.35. 385,483 shares of the stock traded hands, compared to its average volume of 256,396. The firm has a market capitalization of $365.75 million, a P/E ratio of -9.03 and a beta of 2.07. Sleep Number Co. has a 12-month low of $8.13 and a 12-month high of $20.75. The firm has a 50-day moving average of $15.78 and a 200 day moving average of $14.47.

Analyst Ratings Changes

SNBR has been the subject of several recent research reports. StockNews.com raised shares of Sleep Number from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Piper Sandler lowered their target price on Sleep Number from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, October 31st.

Insider Activity

In other Sleep Number news, major shareholder Stadium Capital Management Llc bought 36,097 shares of the firm's stock in a transaction that occurred on Monday, November 4th. The stock was bought at an average price of $13.09 per share, for a total transaction of $472,509.73. Following the completion of the acquisition, the insider now directly owns 2,054,802 shares in the company, valued at $26,897,358.18. The trade was a 1.79 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders bought 169,373 shares of company stock valued at $2,305,052. Insiders own 6.80% of the company's stock.

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.