UBS Group AG lowered its stake in Sleep Number Corp (NASDAQ:SNBR) by 19.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 196,018 shares of the company’s stock after selling 46,892 shares during the quarter. UBS Group AG owned about 0.67% of Sleep Number worth $7,917,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SNBR. Tower Research Capital LLC TRC acquired a new stake in Sleep Number in the second quarter worth about $43,000. O Shaughnessy Asset Management LLC acquired a new stake in Sleep Number in the 1st quarter valued at about $62,000. Meeder Asset Management Inc. acquired a new stake in Sleep Number in the 2nd quarter valued at about $85,000. Convergence Investment Partners LLC acquired a new stake in Sleep Number in the 2nd quarter valued at about $190,000. Finally, Pitcairn Co. acquired a new stake in Sleep Number in the 2nd quarter valued at about $205,000.

In other news, Director Jean Michel Valette sold 25,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $51.50, for a total value of $1,287,500.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Shelly Radue Ibach sold 40,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $48.87, for a total value of $1,954,800.00. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the stock. Raymond James raised shares of Sleep Number from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Wednesday. BidaskClub raised shares of Sleep Number from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks upped their price objective on shares of Sleep Number to $43.00 and gave the company a “hold” rating in a research note on Friday, July 26th. Bank of America reduced their price objective on shares of Sleep Number from $34.00 to $30.00 and set an “underperform” rating for the company in a research note on Monday, September 23rd. Finally, Wedbush reaffirmed a “neutral” rating on shares of Sleep Number in a research note on Monday. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $42.83.

SNBR stock opened at $44.50 on Wednesday. Sleep Number Corp has a one year low of $30.44 and a one year high of $52.08. The firm has a market capitalization of $1.18 billion, a PE ratio of 23.17, a P/E/G ratio of 1.41 and a beta of 1.14. The firm has a 50-day moving average of $41.84 and a two-hundred day moving average of $41.03.

Sleep Number (NASDAQ:SNBR) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Sleep Number had a net margin of 4.66% and a negative return on equity of 66.17%. The company had revenue of $355.96 million during the quarter, compared to analyst estimates of $336.30 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts forecast that Sleep Number Corp will post 2.55 EPS for the current year.

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, temperature-balancing products, beds for kids, sheets, and other bedding products under the Sleep Number name.

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

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