Alliancebernstein L.P. bought a new position in shares of Sleep Number Corp (NASDAQ:SNBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,594,252 shares of the company’s stock, valued at approximately $59,928,000. Alliancebernstein L.P. owned approximately 4.00% of Sleep Number as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in SNBR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Sleep Number during the fourth quarter worth about $114,000. Meeder Asset Management Inc. acquired a new stake in Sleep Number during the fourth quarter worth about $184,000. LS Investment Advisors LLC acquired a new stake in Sleep Number during the fourth quarter worth about $201,000. Jane Street Group LLC grew its position in Sleep Number by 104.8% during the third quarter. Jane Street Group LLC now owns 6,800 shares of the company’s stock worth $211,000 after buying an additional 147,100 shares in the last quarter. Finally, Fagan Associates Inc. acquired a new stake in Sleep Number during the fourth quarter worth about $211,000.
Shares of Sleep Number Corp (SNBR) opened at $36.58 on Tuesday. The firm has a market capitalization of $1,460.00, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.02 and a beta of 0.81. Sleep Number Corp has a 1-year low of $23.14 and a 1-year high of $40.72.
A number of equities research analysts recently weighed in on SNBR shares. Zacks Investment Research downgraded Sleep Number from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. ValuEngine raised Sleep Number from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub downgraded Sleep Number from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $47.00 target price (up from $40.00) on shares of Sleep Number in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Sleep Number presently has a consensus rating of “Hold” and a consensus price target of $34.00.
In other Sleep Number news, SVP Mark A. Kimball sold 8,000 shares of Sleep Number 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew P. Carlin sold 5,765 shares of Sleep Number stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $36.87, for a total value of $212,555.55. The disclosure for this sale can be found here. Insiders have sold 41,545 shares of company stock worth $1,517,056 over the last ninety days. Company insiders own 4.00% of the company’s stock.
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Sleep Number Profile
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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