Rice Hall James & Associates LLC Sells 10,215 Shares of Sleep Number Co. (NASDAQ:SNBR)

Rice Hall James & Associates LLC decreased its stake in shares of Sleep Number Co. (NASDAQ:SNBR) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,254 shares of the company’s stock after selling 10,215 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.79% of Sleep Number worth $2,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stadium Capital Management LLC lifted its holdings in Sleep Number by 8.8% during the 3rd quarter. Stadium Capital Management LLC now owns 2,008,367 shares of the company’s stock valued at $36,793,000 after buying an additional 162,164 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in Sleep Number by 22.7% during the 4th quarter. Hodges Capital Management Inc. now owns 1,240,507 shares of the company’s stock valued at $18,905,000 after buying an additional 229,587 shares in the last quarter. Geode Capital Management LLC increased its position in Sleep Number by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 518,045 shares of the company’s stock valued at $9,493,000 after purchasing an additional 18,182 shares during the period. State Street Corp increased its position in Sleep Number by 0.6% during the 3rd quarter. State Street Corp now owns 440,547 shares of the company’s stock valued at $8,071,000 after purchasing an additional 2,472 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Sleep Number by 1,071.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company’s stock valued at $2,093,000 after purchasing an additional 104,482 shares during the period. Institutional investors own 85.67% of the company’s stock.

Sleep Number Stock Down 1.4 %

Shares of Sleep Number stock opened at $18.14 on Wednesday. The firm’s 50 day moving average price is $16.99 and its 200-day moving average price is $15.61. Sleep Number Co. has a 52-week low of $8.13 and a 52-week high of $20.75. The company has a market cap of $405.79 million, a P/E ratio of -10.02 and a beta of 2.09.

Analysts Set New Price Targets

SNBR has been the topic of a number of research reports. StockNews.com raised shares of Sleep Number from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Piper Sandler cut their target price on shares of Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

Sleep Number Profile

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.