Sleep Number Corporation $SNBR Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in Sleep Number Corporation (NASDAQ:SNBR) by 4.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 38,249 shares of the company’s stock after selling 1,879 shares during the quarter. Rhumbline Advisers’ holdings in Sleep Number were worth $242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SNBR. Focus Financial Network Inc. acquired a new position in Sleep Number in the 1st quarter valued at about $67,000. CWM LLC grew its position in shares of Sleep Number by 218.7% during the first quarter. CWM LLC now owns 11,963 shares of the company’s stock worth $76,000 after buying an additional 8,209 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Sleep Number by 116.1% during the first quarter. GAMMA Investing LLC now owns 16,085 shares of the company’s stock worth $102,000 after buying an additional 8,642 shares in the last quarter. Strs Ohio acquired a new position in shares of Sleep Number during the first quarter worth about $130,000. Finally, Ieq Capital LLC acquired a new position in shares of Sleep Number during the first quarter worth about $142,000. 85.67% of the stock is owned by institutional investors and hedge funds.

Sleep Number Stock Performance

Shares of Sleep Number stock opened at $7.28 on Friday. Sleep Number Corporation has a one year low of $4.48 and a one year high of $20.73. The company has a market cap of $165.77 million, a PE ratio of -4.00 and a beta of 1.77. The business has a 50-day simple moving average of $9.19 and a 200-day simple moving average of $8.02.

Sleep Number (NASDAQ:SNBR) last announced its quarterly earnings data on Wednesday, July 30th. The company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.97). The firm had revenue of $327.93 million during the quarter, compared to analyst estimates of $357.42 million. During the same period in the previous year, the company posted ($0.22) earnings per share. The business’s quarterly revenue was down 19.7% on a year-over-year basis. Sleep Number has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Sleep Number Corporation will post -0.42 earnings per share for the current fiscal year.

Sleep Number 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.