Sleep Number (NASDAQ:SNBR – Get Free Report)‘s stock had its “neutral” rating reissued by analysts at Wedbush in a report issued on Thursday, Benzinga reports. They presently have a $13.50 price objective on the stock. Wedbush’s price target indicates a potential downside of 4.80% from the stock’s previous close.
Separately, Piper Sandler lifted their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday.
Check Out Our Latest Research Report on Sleep Number
Sleep Number Trading Down 0.4 %
Sleep Number (NASDAQ:SNBR – Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.44. Sleep Number had a negative return on equity of 1.05% and a negative net margin of 1.87%. The company had revenue of $470.45 million during the quarter, compared to the consensus estimate of $475.17 million. Analysts predict that Sleep Number will post -0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Sleep Number
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNBR. Quest Partners LLC acquired a new position in Sleep Number in the 4th quarter valued at $62,000. GAMMA Investing LLC increased its stake in shares of Sleep Number by 250.6% in the 1st quarter. GAMMA Investing LLC now owns 4,235 shares of the company’s stock valued at $68,000 after purchasing an additional 3,027 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sleep Number by 27.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock valued at $77,000 after purchasing an additional 1,114 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Sleep Number by 345.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 7,124 shares of the company’s stock valued at $175,000 after purchasing an additional 5,525 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of Sleep Number in the 4th quarter valued at $221,000. 85.67% of the stock is owned by institutional investors and hedge funds.
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.
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