Boulder Hill Capital Management LP Purchases Shares of 51,100 Sleep Number Co. (NASDAQ:SNBR)

Boulder Hill Capital Management LP purchased a new stake in shares of Sleep Number Co. (NASDAQ:SNBRFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 51,100 shares of the company’s stock, valued at approximately $758,000. Boulder Hill Capital Management LP owned about 0.23% of Sleep Number as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of SNBR. Quest Partners LLC acquired a new position in Sleep Number during the 4th quarter worth about $62,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sleep Number by 27.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,224 shares of the company’s stock valued at $77,000 after acquiring an additional 1,114 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Sleep Number by 345.5% during 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 period. Jump Financial LLC bought a new position in Sleep Number during the 4th quarter worth approximately $307,000. Finally, Tectonic Advisors LLC raised its holdings in Sleep Number by 61.8% during the 4th quarter. Tectonic Advisors LLC now owns 30,089 shares of the company’s stock worth $446,000 after purchasing an additional 11,492 shares during the last quarter. Institutional investors and hedge funds own 85.67% of the company’s stock.

Sleep Number Stock Up 2.9 %

Shares of Sleep Number stock traded up $0.43 during trading on Friday, reaching $15.12. 210,788 shares of the company traded hands, compared to its average volume of 306,816. Sleep Number Co. has a 1-year low of $9.00 and a 1-year high of $39.98. The company has a 50 day moving average price of $14.28 and a 200-day moving average price of $13.46.

Sleep Number (NASDAQ:SNBRGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.44. The firm had revenue of $470.45 million for the quarter, compared to analyst estimates of $475.17 million. Sleep Number had a negative net margin of 1.87% and a negative return on equity of 1.05%. As a group, sell-side analysts predict that Sleep Number Co. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. UBS Group increased their price target on Sleep Number from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Finally, Wedbush reissued a “neutral” rating and issued a $13.50 price objective on shares of Sleep Number in a research note on Thursday, April 25th.

Get Our Latest Stock Report on SNBR

Sleep Number Profile

(Free Report)

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

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