AQR Capital Management LLC grew its position in shares of Sleep Number Co. (NASDAQ:SNBR - Free Report) by 166.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 107,905 shares of the company's stock after purchasing an additional 67,354 shares during the quarter. AQR Capital Management LLC owned approximately 0.48% of Sleep Number worth $1,033,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of SNBR. Los Angeles Capital Management LLC bought a new position in Sleep Number during the 1st quarter worth approximately $434,000. GAMMA Investing LLC grew its position in Sleep Number by 250.6% during the 1st quarter. GAMMA Investing LLC now owns 4,235 shares of the company's stock worth $68,000 after acquiring an additional 3,027 shares during the last quarter. Hodges Capital Management Inc. grew its position in Sleep Number by 4.7% during the 1st quarter. Hodges Capital Management Inc. now owns 171,900 shares of the company's stock worth $2,755,000 after acquiring an additional 7,700 shares during the last quarter. BNP Paribas Financial Markets grew its position in Sleep Number by 39.4% during the 1st quarter. BNP Paribas Financial Markets now owns 48,439 shares of the company's stock worth $776,000 after acquiring an additional 13,683 shares during the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Sleep Number by 42.8% during the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 167,678 shares of the company's stock worth $2,688,000 after acquiring an additional 50,281 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Stephen E. Macadam bought 43,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $12.35 per share, for a total transaction of $531,050.00. Following the purchase, the director now directly owns 102,729 shares in the company, valued at $1,268,703.15. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.80% of the stock is currently owned by company insiders.
Sleep Number Stock Performance
Shares of SNBR traded down $0.16 on Friday, reaching $14.63. The stock had a trading volume of 283,372 shares, compared to its average volume of 516,861. The firm has a market capitalization of $326.63 million, a price-to-earnings ratio of -9.63 and a beta of 2.06. The company has a 50-day simple moving average of $15.14 and a 200-day simple moving average of $13.61. Sleep Number Co. has a 12-month low of $8.13 and a 12-month high of $22.36.
Sleep Number (NASDAQ:SNBR - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported ($0.22) EPS for the quarter, beating analysts' consensus estimates of ($0.44) by $0.22. The firm had revenue of $408.40 million during the quarter, compared to analysts' expectations of $415.05 million. The company's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. On average, analysts expect that Sleep Number Co. will post -0.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on SNBR. StockNews.com cut Sleep Number from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Piper Sandler increased their price objective on Sleep Number from $12.00 to $16.00 and gave the stock a "neutral" rating in a report on Tuesday, September 17th.
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About Sleep Number
(
Free Report)
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.
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