Hodges Capital Management Inc. Has $18.91 Million Stock Holdings in Sleep Number Co. (NASDAQ:SNBR)

Hodges Capital Management Inc. grew its stake in shares of Sleep Number Co. (NASDAQ:SNBRFree Report) by 22.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,240,507 shares of the company’s stock after purchasing an additional 229,587 shares during the quarter. Sleep Number comprises about 1.1% of Hodges Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Hodges Capital Management Inc. owned about 5.55% of Sleep Number worth $18,905,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in SNBR. Millennium Management LLC grew its stake in shares of Sleep Number by 326.7% in the second quarter. Millennium Management LLC now owns 370,987 shares of the company’s stock valued at $3,550,000 after buying an additional 284,052 shares in the last quarter. Stadium Capital Management LLC grew its position in shares of Sleep Number by 8.8% in the 3rd quarter. Stadium Capital Management LLC now owns 2,008,367 shares of the company’s stock valued at $36,793,000 after acquiring an additional 162,164 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sleep Number by 1,071.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 114,229 shares of the company’s stock worth $2,093,000 after purchasing an additional 104,482 shares during the last quarter. Squarepoint Ops LLC increased its stake in shares of Sleep Number by 240.1% during the 2nd quarter. Squarepoint Ops LLC now owns 123,493 shares of the company’s stock worth $1,182,000 after purchasing an additional 87,184 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Sleep Number by 166.1% in the 2nd quarter. AQR Capital Management LLC now owns 107,905 shares of the company’s stock valued at $1,033,000 after purchasing an additional 67,354 shares during the period. Institutional investors own 85.67% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Stadium Capital Management Llc bought 11,540 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $12.71 per share, with a total value of $146,673.40. Following the completion of the acquisition, the insider now owns 2,200,000 shares of the company’s stock, valued at $27,962,000. This represents a 0.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 74,265 shares of company stock worth $1,016,420 over the last three months. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SNBR. Piper Sandler lowered their price target on Sleep Number from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. StockNews.com upgraded Sleep Number from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th.

Read Our Latest Research Report on SNBR

Sleep Number Stock Down 0.6 %

Shares of SNBR stock opened at $17.88 on Monday. Sleep Number Co. has a 52 week low of $8.13 and a 52 week high of $20.75. The company has a 50-day simple moving average of $16.80 and a 200 day simple moving average of $15.12.

Sleep Number Company Profile

(Free Report)

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.

Further Reading

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

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