Schwarz Dygos Wheeler Investment Advisors LLC Sells 208,914 Shares of Sleep Number Corporation $SNBR

Schwarz Dygos Wheeler Investment Advisors LLC cut its position in shares of Sleep Number Corporation (NASDAQ:SNBR) by 52.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 187,863 shares of the company’s stock after selling 208,914 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC owned 0.83% of Sleep Number worth $1,269,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CWM LLC raised its position in shares of Sleep Number by 218.7% in the first quarter. CWM LLC now owns 11,963 shares of the company’s stock valued at $76,000 after purchasing an additional 8,209 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Sleep Number in the first quarter valued at about $279,000. Federated Hermes Inc. increased its holdings in shares of Sleep Number by 102.7% during the first quarter. Federated Hermes Inc. now owns 98,212 shares of the company’s stock worth $623,000 after purchasing an additional 49,764 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in Sleep Number by 42.1% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 628,667 shares of the company’s stock worth $3,986,000 after acquiring an additional 186,255 shares during the period. Finally, Nuveen LLC acquired a new position in Sleep Number in the first quarter valued at about $423,000. 85.67% of the stock is owned by institutional investors and hedge funds.

Sleep Number Trading Down 4.3%

SNBR stock opened at $4.03 on Friday. The firm has a market cap of $91.84 million, a PE ratio of -2.21 and a beta of 1.85. The stock has a 50-day moving average price of $6.84 and a 200-day moving average price of $8.02. Sleep Number Corporation has a 1-year low of $3.96 and a 1-year high of $20.73.

Sleep Number (NASDAQ:SNBR) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.08). The business had revenue of $342.88 million during the quarter, compared to analysts’ expectations of $362.48 million. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) earnings per share. Sleep Number has set its FY 2025 guidance at EPS. On average, analysts forecast that Sleep Number Corporation will post -0.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SNBR shares. UBS Group reduced their target price on Sleep Number from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Sleep Number in a research report on Tuesday, October 14th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sleep Number currently has a consensus rating of “Reduce” and a consensus price target of $8.00.

About Sleep Number

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.