American International Group Inc. Buys Shares of 31,296 Sleep Number Corp (SNBR)

American International Group Inc. bought a new position in Sleep Number Corp (NASDAQ:SNBR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 31,296 shares of the company’s stock, valued at approximately $1,176,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Sleep Number in the 4th quarter worth $22,295,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Sleep Number by 40.4% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 48,625 shares of the company’s stock worth $1,510,000 after purchasing an additional 13,996 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Sleep Number by 1,031.3% in the 3rd quarter. Engineers Gate Manager LP now owns 71,432 shares of the company’s stock worth $2,218,000 after purchasing an additional 65,118 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Sleep Number by 14.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 413,001 shares of the company’s stock worth $12,824,000 after purchasing an additional 51,456 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Sleep Number by 15.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 351,474 shares of the company’s stock worth $10,914,000 after purchasing an additional 48,344 shares in the last quarter.

How to Become a New Pot Stock Millionaire

In other news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.26, for a total transaction of $298,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrew P. Carlin sold 3,000 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $37.00, for a total value of $111,000.00. The disclosure for this sale can be found here. Insiders sold a total of 41,545 shares of company stock valued at $1,517,056 over the last three months. 4.00% of the stock is currently owned by insiders.

A number of brokerages recently issued reports on SNBR. BidaskClub upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research cut Sleep Number from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. ValuEngine upgraded Sleep Number from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $47.00 target price (up from $40.00) on shares of Sleep Number in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $34.00.

Shares of Sleep Number Corp (NASDAQ SNBR) opened at $36.91 on Friday. The company has a market capitalization of $1,470.00, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.03 and a beta of 0.81. Sleep Number Corp has a 12-month low of $23.14 and a 12-month high of $40.72.

Sleep Number (NASDAQ:SNBR) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. The business had revenue of $363.28 million during the quarter, compared to analyst estimates of $331.72 million. Sleep Number had a return on equity of 61.21% and a net margin of 4.51%. Sleep Number’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. analysts anticipate that Sleep Number Corp will post 1.88 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “American International Group Inc. Buys Shares of 31,296 Sleep Number Corp (SNBR)” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://sportsperspectives.com/2018/03/10/american-international-group-inc-buys-shares-of-31296-sleep-number-corp-snbr.html.

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.

Want to see what other hedge funds are holding SNBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sleep Number Corp (NASDAQ:SNBR).

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

Receive News & Ratings for Sleep Number Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Number and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply