Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Sleep Number Corp (NASDAQ:SNBR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,815 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Sleep Number by 2.1% during the 1st quarter. BlackRock Inc. now owns 5,112,951 shares of the company’s stock worth $179,718,000 after acquiring an additional 102,964 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in Sleep Number by 91.5% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,066,142 shares of the company’s stock valued at $37,474,000 after purchasing an additional 509,298 shares during the period. River Road Asset Management LLC boosted its stake in Sleep Number by 35.4% in the 2nd quarter. River Road Asset Management LLC now owns 749,107 shares of the company’s stock valued at $21,739,000 after purchasing an additional 195,713 shares during the period. Dalton Greiner Hartman Maher & Co. boosted its stake in Sleep Number by 19.4% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 611,102 shares of the company’s stock valued at $17,734,000 after purchasing an additional 99,296 shares during the period. Finally, Northern Trust Corp boosted its stake in Sleep Number by 0.6% in the 1st quarter. Northern Trust Corp now owns 538,998 shares of the company’s stock valued at $18,945,000 after purchasing an additional 3,385 shares during the period.

Several analysts recently issued reports on SNBR shares. Stifel Nicolaus reduced their price target on Sleep Number from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, July 26th. BidaskClub upgraded Sleep Number from a “hold” rating to a “buy” rating in a research note on Saturday, July 21st. TheStreet downgraded Sleep Number from a “b-” rating to a “c” rating in a research note on Thursday, July 26th. Zacks Investment Research upgraded Sleep Number from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, ValuEngine upgraded Sleep Number from a “sell” rating to a “hold” rating in a research note on Thursday, May 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Sleep Number presently has an average rating of “Hold” and an average price target of $36.00.

SNBR opened at $34.45 on Friday. The firm has a market capitalization of $1.18 billion, a P/E ratio of 23.12, a PEG ratio of 1.02 and a beta of 1.14. Sleep Number Corp has a 1 year low of $26.22 and a 1 year high of $40.72.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Wednesday, July 25th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $316.34 million during the quarter, compared to the consensus estimate of $314.81 million. Sleep Number had a return on equity of 115.80% and a net margin of 4.47%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) EPS. equities analysts predict that Sleep Number Corp will post 1.81 earnings per share for the current fiscal year.

In related news, CFO David R. Callen acquired 1,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was purchased at an average cost of $27.88 per share, with a total value of $27,880.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joseph Hunter Saklad sold 7,912 shares of Sleep Number stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $31.05, for a total value of $245,667.60. The disclosure for this sale can be found here. 4.30% of the stock is owned by insiders.

Sleep Number Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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Institutional Ownership by Quarter for Sleep Number (NASDAQ:SNBR)

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