Mark A. Kimball Sells 8,000 Shares of Select Comfort Corporation (NASDAQ:SCSS) Stock

Select Comfort Corporation (NASDAQ:SCSS) SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total transaction of $272,480.00. Following the completion of the transaction, the senior vice president now owns 72,186 shares in the company, valued at approximately $2,458,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Select Comfort Corporation (NASDAQ SCSS) opened at 33.00 on Friday. The stock has a market capitalization of $1.36 billion, a PE ratio of 24.09 and a beta of 0.67. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The firm’s 50-day moving average is $32.68 and its 200 day moving average is $27.98.

Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The firm had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts forecast that Select Comfort Corporation will post $1.38 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Select Comfort Corporation by 3.5% in the fourth quarter. State Street Corp now owns 1,000,190 shares of the company’s stock valued at $22,625,000 after buying an additional 33,963 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Select Comfort Corporation during the fourth quarter valued at about $362,000. Guggenheim Capital LLC increased its stake in shares of Select Comfort Corporation by 11.4% in the fourth quarter. Guggenheim Capital LLC now owns 66,374 shares of the company’s stock valued at $1,501,000 after buying an additional 6,784 shares in the last quarter. Norges Bank bought a new stake in shares of Select Comfort Corporation during the fourth quarter valued at about $7,755,000. Finally, Teachers Advisors LLC increased its stake in shares of Select Comfort Corporation by 48.6% in the fourth quarter. Teachers Advisors LLC now owns 130,210 shares of the company’s stock valued at $2,945,000 after buying an additional 42,594 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

SCSS has been the topic of several recent research reports. Piper Jaffray Companies set a $32.00 price target on shares of Select Comfort Corporation and gave the stock a “buy” rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Saturday, April 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $32.00 price objective (up from $27.00) on shares of Select Comfort Corporation in a research report on Saturday, April 22nd. Bank of America Corporation reiterated an “underperform” rating and set a $21.50 price objective on shares of Select Comfort Corporation in a research report on Saturday, April 22nd. Finally, Wedbush reiterated a “neutral” rating and set a $25.00 price objective on shares of Select Comfort Corporation in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.33.

About Select Comfort Corporation

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. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

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