Prudential Financial Inc. lowered its position in Sleep Number Corp (NASDAQ:SNBR) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 54,629 shares of the company’s stock after selling 3,666 shares during the period. Prudential Financial Inc.’s holdings in Sleep Number were worth $1,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Voit & Company LLC bought a new position in Sleep Number during the fourth quarter valued at approximately $679,000. Oregon Public Employees Retirement Fund bought a new position in shares of Sleep Number in the fourth quarter worth approximately $401,000. WINTON GROUP Ltd bought a new position in shares of Sleep Number in the fourth quarter worth approximately $10,517,000. Victory Capital Management Inc. grew its holdings in shares of Sleep Number by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 11,521 shares of the company’s stock worth $366,000 after purchasing an additional 449 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. grew its holdings in shares of Sleep Number by 1.5% in the fourth quarter. Rothschild & Co. Asset Management US Inc. now owns 923,421 shares of the company’s stock worth $29,300,000 after purchasing an additional 13,839 shares during the last quarter.

Several research analysts have recently issued reports on SNBR shares. Barclays started coverage on shares of Sleep Number in a report on Monday, January 28th. They issued an “equal weight” rating and a $36.00 target price on the stock. ValuEngine upgraded shares of Sleep Number from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research upgraded shares of Sleep Number from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Tuesday, March 12th. BidaskClub cut shares of Sleep Number from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. Finally, Piper Jaffray Companies raised their target price on shares of Sleep Number to $43.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.83.

In related news, CMO Kevin Kennedy Brown sold 3,500 shares of Sleep Number stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $43.41, for a total value of $151,935.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Suresh Krishna sold 14,025 shares of Sleep Number stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $42.62, for a total transaction of $597,745.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,690 shares of company stock worth $4,528,198. 4.30% of the stock is currently owned by company insiders.

NASDAQ:SNBR opened at $46.68 on Thursday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.02 and a beta of 1.29. Sleep Number Corp has a twelve month low of $26.22 and a twelve month high of $48.28.

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Sleep Number Company Profile

Sleep Number Corporation, together with its subsidiaries, provides sleep solutions and services in the United States. It designs, manufactures, markets, retails, and services beds, bases, and bedding accessories under the Sleep Number name. The company also offers adjustable bases under the FlextFit name; and pillows and sheets, as well as other bedding products, including mattresses, box springs, and foundations under the Sleep Number name.

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

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