Rothschild & Co. Asset Management US Inc. decreased its position in shares of Sleep Number Corp (NASDAQ:SNBR) by 0.8% in the second quarter, Holdings Channel reports. The fund owned 760,511 shares of the company’s stock after selling 5,889 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Sleep Number were worth $30,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in SNBR. Convergence Investment Partners LLC acquired a new stake in Sleep Number in the second quarter worth $190,000. Eqis Capital Management Inc. raised its holdings in Sleep Number by 9.2% in the second quarter. Eqis Capital Management Inc. now owns 7,477 shares of the company’s stock worth $302,000 after purchasing an additional 631 shares during the period. CWM Advisors LLC raised its holdings in Sleep Number by 16.6% in the second quarter. CWM Advisors LLC now owns 5,170 shares of the company’s stock worth $209,000 after purchasing an additional 737 shares during the period. Hennessy Advisors Inc. acquired a new stake in Sleep Number in the second quarter worth $2,472,000. Finally, Quantinno Capital Management LP acquired a new stake in Sleep Number in the first quarter worth $841,000.
In related news, CFO David R. Callen acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average cost of $33.57 per share, for a total transaction of $67,140.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jean Michel Valette sold 25,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $51.50, for a total transaction of $1,287,500.00. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.10 EPS for the quarter, topping 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 business had revenue of $355.96 million for the quarter, compared to analyst estimates of $336.30 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Sleep Number Corp will post 2.55 earnings per share for the current year.
SNBR has been the topic of several analyst reports. TheStreet upgraded shares of Sleep Number from a “d-” rating to a “c+” rating in a report on Thursday, April 18th. Zacks Investment Research lowered shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Tuesday, April 23rd. Barclays reiterated an “equal weight” rating and issued a $38.00 target price (up from $36.00) on shares of Sleep Number in a report on Thursday, April 18th. SunTrust Banks increased their target price on shares of Sleep Number to $43.00 and gave the stock a “hold” rating in a report on Friday, July 26th. Finally, BidaskClub upgraded shares of Sleep Number from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Sleep Number currently has a consensus rating of “Hold” and a consensus target price of $44.75.
About Sleep Number
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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