Ameriprise Financial Inc. grew its stake in shares of Sleep Number Corp (NASDAQ:SNBR) by 14.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 413,001 shares of the company’s stock after buying an additional 51,456 shares during the period. Ameriprise Financial Inc. owned 1.04% of Sleep Number worth $12,824,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Aperio Group LLC grew its position in shares of Sleep Number by 20.3% in the second quarter. Aperio Group LLC now owns 12,094 shares of the company’s stock valued at $429,000 after purchasing an additional 2,039 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Sleep Number by 33.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 13,660 shares of the company’s stock valued at $484,000 after purchasing an additional 3,420 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Sleep Number by 2.5% in the second quarter. Great West Life Assurance Co. Can now owns 62,691 shares of the company’s stock valued at $2,225,000 after purchasing an additional 1,523 shares during the period. Cigna Investments Inc. New purchased a new stake in shares of Sleep Number in the second quarter valued at $225,000. Finally, Canada Pension Plan Investment Board grew its position in shares of Sleep Number by 1.6% in the second quarter. Canada Pension Plan Investment Board now owns 222,500 shares of the company’s stock valued at $7,897,000 after purchasing an additional 3,500 shares during the period.

A number of equities research analysts have recently commented on the company. KeyCorp reaffirmed a “hold” rating on shares of Sleep Number in a research report on Friday, September 29th. Raymond James Financial raised Sleep Number from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Monday, October 2nd. Piper Jaffray Companies set a $38.00 price objective on Sleep Number and gave the company a “buy” rating in a research report on Wednesday, October 11th. Zacks Investment Research downgraded Sleep Number from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Bank of America set a $33.00 price objective on Sleep Number and gave the company a “hold” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.67.

In other Sleep Number news, SVP Patricia Ann Dirks sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $34.75, for a total transaction of $34,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Mark A. Kimball sold 8,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $32.07, for a total value of $256,560.00. Following the transaction, the senior vice president now owns 56,186 shares in the company, valued at approximately $1,801,885.02. The disclosure for this sale can be found here. Insiders sold 36,560 shares of company stock worth $1,224,334 in the last quarter. 4.00% of the stock is owned by insiders.

Sleep Number Corp (SNBR) opened at $36.76 on Monday. Sleep Number Corp has a fifty-two week low of $18.89 and a fifty-two week high of $38.11. The firm has a market capitalization of $1,463.75, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.49 and a beta of 0.61.

Sleep Number (NASDAQ:SNBR) last issued its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.06). Sleep Number had a net margin of 4.34% and a return on equity of 51.12%. The firm had revenue of $402.64 million during the quarter, compared to analyst estimates of $413.89 million. During the same quarter in the previous year, the business posted $0.56 EPS. Sleep Number’s revenue was up 9.1% compared to the same quarter last year. research analysts expect that Sleep Number Corp will post 1.37 earnings per share for the current fiscal year.

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Sleep Number Profile

Sleep Number Corporation, formerly Select Comfort Corporation, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories.

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

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