Great West Life Assurance Co. Can reduced its stake in shares of Sleep Number Corp (NASDAQ:SNBR) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,222 shares of the company’s stock after selling 5,469 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.14% of Sleep Number worth $1,769,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Sleep Number by 0.6% during the second quarter. BlackRock Inc. now owns 5,199,396 shares of the company’s stock worth $184,526,000 after purchasing an additional 32,977 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Sleep Number by 3.6% during the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock worth $145,291,000 after purchasing an additional 140,801 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sleep Number by 856.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock worth $37,797,000 after purchasing an additional 953,666 shares during the period. River Road Asset Management LLC boosted its holdings in shares of Sleep Number by 2.5% during the third quarter. River Road Asset Management LLC now owns 884,694 shares of the company’s stock worth $27,470,000 after purchasing an additional 21,340 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Sleep Number by 4.4% during the second quarter. Goldman Sachs Group Inc. now owns 630,595 shares of the company’s stock worth $22,380,000 after purchasing an additional 26,300 shares during the period.

Shares of Sleep Number Corp (NASDAQ:SNBR) opened at $38.00 on Tuesday. The stock has a market cap of $1,463.75, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.49 and a beta of 0.61. Sleep Number Corp has a one year low of $18.89 and a one year high of $38.16.

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

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

In other Sleep Number news, SVP Patricia Ann Dirks sold 8,560 shares of Sleep Number stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $33.90, for a total value of $290,184.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of Sleep Number stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $34.99, for a total transaction of $279,920.00. The disclosure for this sale can be found here. Insiders sold 36,560 shares of company stock valued at $1,224,334 over the last quarter. Corporate insiders own 4.00% of the company’s stock.

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About Sleep Number

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.

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

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