Sleep NumberSNBR
SNBR
About: Sleep Number Corp. is a wellness technology company engaged in the design, manufacturing, marketing and distribution of sleep solutions. The Company generates revenue by marketing and selling its smart beds directly to new and existing customers through its vertically integrated, exclusive, direct-to-consumer retail touch points including Stores, Online, Phone, and Chat (Total Retail). The products offered by the company are Mattresses, Bedding, Pillows and Furniture.
Employees: 4,145
0
Funds holding %
of 6,812 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]
84% more capital invested
Capital invested by funds: $189M [Q2] → $347M (+$158M) [Q3]
3% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 39
3% less call options, than puts
Call options by funds: $6.91M | Put options by funds: $7.1M
3.73% less ownership
Funds ownership: 88.41% [Q2] → 84.69% (-3.73%) [Q3]
10% less funds holding
Funds holding: 129 [Q2] → 116 (-13) [Q3]
43% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 30
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$12
22%
downside
Avg. target
$12
22%
downside
High target
$12
22%
downside
1 analyst rating
0 positive
0%
1 neutral
100%
0 negative
0%
Piper Sandler Peter Keith 61% 1-year accuracy 28 / 46 met price target | 22%downside $12 | Neutral Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 3 articles about SNBR published over the past 30 days
Neutral
Business Wire
1 week ago
Stadium Capital Proposes Pat Hopf and Gary Fazio as Executive Chair and Senior Advisor to Sleep Number's Board
NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”), the largest shareholder of Sleep Number Corporation (NASDAQ: SNBR) (“Sleep Number” or the “Company”) with ownership of approximately 11.7% of the Company's outstanding shares, today released the below open letter to the Company's shareholders. *** December 19, 2024 Fellow Shareholders, On November 25, 2024, we communicated our serious concerns about Sleep Num.
Neutral
Business Wire
2 weeks ago
Stadium Capital Management Urges Sleep Number's Board of Directors to Respect Shareholders' Calls for Boardroom Changes
NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQ: SNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company's outstanding shares. Today, Stadium Capital issued the below letter to the Company's Board of Directors (the “Board”). *** December 12, 2024 Members of the Board: The legendary investor Benjamin Graham famously sai.
Neutral
Business Wire
4 weeks ago
Stadium Capital Management Nominates Four Exceptionally Qualified Director Candidates to Sleep Number's Board of Directors
NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (NASDAQ: SNBR) (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company's outstanding shares. Today, Stadium Capital issued the below letter to shareholders regarding its nomination of four highly qualified, independent candidates for election to the Company's Board of Directors (the “B.
Positive
Seeking Alpha
1 month ago
Sleep Number: Navigating Market Cycles While Building Operational Excellence
Sleep Number demonstrates operational resilience with improving margins (60.8%) and positive free cash flow ($34M) despite revenue headwinds, showing strong execution in a challenging market environment. Technology leadership position and smart bed capabilities create significant competitive advantage, though higher SG&A costs (55%) reflect challenges to educate consumers about air mattress. Trading at historical low valuation (0.7x EV/Sales) with record discount to Tempur Sealy.
Negative
Market Watch
1 month ago
A big investor says Sleep Number's board can't be trusted on this crucial matter
After a long slump for Sleep Number Corp.'s stock price and weaker demand for its smart mattresses, one big investor, Stadium Capital Management, went public with its frustrations with the company on Monday, calling for a shakeup of its board and changes to what it said was a “flawed” search process for a new CEO.
Neutral
Business Wire
1 month ago
Sleep Number Comments on Public Letter to Shareholders from Stadium Capital Management
MINNEAPOLIS--(BUSINESS WIRE)--Today, Sleep Number Corporation (Nasdaq: SNBR) (“Sleep Number” or the “Company”) issued the following statement in response to the public letter to shareholders from Stadium Capital Management, LLC (together with its affiliates, “Stadium”): The Board of Directors (the “Board”) and leadership team of Sleep Number welcome shareholder input and suggestions. To that end, we have engaged extensively with Stadium and last November added two directors recommended by Stadi.
Neutral
Business Wire
1 month ago
Stadium Capital Management Issues Letter to Sleep Number Shareholders Regarding the Need for a Reconstituted Board and Independent CEO Search
NEW CANAAN, Conn.--(BUSINESS WIRE)--Stadium Capital Management, LLC today sent the below letter to shareholders of Sleep Number Corporation (NASDAQ: SNBR). *** November 25, 2024 Fellow Sleep Number Shareholders: Stadium Capital Management, LLC (together with certain of its affiliates, “Stadium Capital” or “we”) is the largest shareholder of Sleep Number Corporation (“Sleep Number” or the “Company”), owning approximately 11.7% of the Company's outstanding shares. We hold our position because we.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Sleep Number (SNBR) Q3 Earnings
While the top- and bottom-line numbers for Sleep Number (SNBR) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Neutral
Seeking Alpha
1 month ago
Sleep Number Corporation (SNBR) Q3 2024 Earnings Call Transcript
Sleep Number Corporation (NASDAQ:SNBR ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Dave Schwantes – Vice President-Finance and Investor Relations Shelly Ibach – President and Chief Executive Officer Francis Lee – Chief Financial Officer Conference Call Participants Bobby Griffin – Raymond James Brad Thomas – KeyBanc Capital Markets Peter Keith – Piper Sandler Dan Silverstein – UBS Operator Welcome to Sleep Number's Q3 2024 Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.
Negative
Zacks Investment Research
1 month ago
Sleep Number (SNBR) Reports Q3 Loss, Lags Revenue Estimates
Sleep Number (SNBR) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.10 per share a year ago.
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