D. E. Shaw & Co. LP recently announced the acquisition of new stake in Sleep Number Corp (NASDAQ:SNBR). The institutional investor has increased its shareholding in the Consumer Cyclical company by 107.13% to 0.97 million shares with purchase of 0.5 million shares. This fresh investment now brings its stake to 4.38% valued currently at $14.44 million. In addition, Dimensional Fund Advisors LP raised its holdings by 3079.0 to 0.67 million shares. And Charles Schwab Investment Managem has lifted its position by 15.82% or 84449.0 shares – to 0.62 million shares.
With over 0.48 million Sleep Number Corp (SNBR) shares trading Friday and a closing price of $11.18 on the day, the dollar volume was approximately $5.38 million. The shares have shown a negative half year performance of -63.28% and its price on 01/12/24 lost nearly -3.37%. Currently, there are 22.01M common shares owned by the public and among those 21.02M shares have been available to trade.
Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 299,463 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 129,995 shares.
The top 3 mutual fund holders in Sleep Number Corp are Kempen Intl. Funds – Global Small, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. Kempen Intl. Funds – Global Small owns 0.73 million shares of the company’s stock, all valued at over $10.79 million. The company bought an additional 84873.0 shares recently to bring their total holdings to about 3.27% of the shares outstanding. iShares Russell 2000 ETF sold 1566.0 shares to bring its total holdings to over 0.59 million shares at a value of $8.8 million. iShares Russell 2000 ETF now owns shares totaling to 2.67% of the shares outstanding.
Shares of Sleep Number Corp (NASDAQ: SNBR) opened at $11.90, up $0.33 from a prior closing price of $11.57. However, the script later moved the day high at 11.90, down -3.37%. The company’s stock has a 5-day price change of -19.16% and -37.47% over the past three months. SNBR shares are trading -24.61% year to date (YTD), with the 12-month market performance down to -65.99% lower. It has a 12-month low price of $9.00 and touched a high of $41.61 over the same period. SNBR has an average intraday trading volume of 1.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.66%, -16.71%, and -48.96% respectively.
Institutional ownership of Sleep Number Corp (NASDAQ: SNBR) shares accounts for 88.40% of the company’s 22.01M shares outstanding. Mutual fund holders own 52.94%, while other institutional holders and individual stakeholders account for 7.38% and 35.92% respectively.
It has a market capitalization of $248.53M and a beta (3y monthly) value of 1.89. The stock’s trailing 12-month PE ratio is 57.63, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 8.47 and a Quick Ratio of 0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.51% over the week and 6.04% over the month.
Analysts forecast that Sleep Number Corp (SNBR) will achieve an EPS of -$0.88 for the current quarter, $0.51 for the next quarter and $0.61 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.12 while analysts give the company a high EPS estimate of -$0.79. Comparatively, EPS for the current quarter was -$0.24 a year ago. Earnings per share for the fiscal year are expected to decrease by -127.37%, and 240.19% over the next financial year. EPS should grow at an annualized rate of 6.80% over the next five years, compared to 0.71% over the past 5-year period.
Looking at the support for the SNBR, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on April 21, 2022, with the firm’s price target at $62-$49.
