BlackRock Inc. lifted its holdings in Select Comfort Corporation (NASDAQ:SCSS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,199,396 shares of the company’s stock after purchasing an additional 32,977 shares during the period. BlackRock Inc. owned 12.66% of Select Comfort Corporation worth $184,526,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of SCSS. Victory Capital Management Inc. bought a new position in shares of Select Comfort Corporation in the first quarter worth about $107,000. Riverhead Capital Management LLC increased its stake in Select Comfort Corporation by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock valued at $137,000 after acquiring an additional 1,665 shares during the period. First Quadrant L P CA bought a new position in Select Comfort Corporation during the second quarter valued at about $205,000. Bowling Portfolio Management LLC bought a new position in Select Comfort Corporation during the second quarter valued at about $211,000. Finally, Meeder Asset Management Inc. increased its stake in Select Comfort Corporation by 1,196.5% during the second quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock valued at $223,000 after acquiring an additional 5,803 shares during the period.
Several equities analysts recently issued reports on SCSS shares. Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $21.50 to $35.00 in a research note on Wednesday, July 19th. Stifel Nicolaus restated a “buy” rating and set a $36.00 price target on shares of Select Comfort Corporation in a research note on Thursday, September 7th. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub lowered Select Comfort Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $38.00 price target on shares of Select Comfort Corporation in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Select Comfort Corporation has a consensus rating of “Hold” and a consensus target price of $31.00.
Select Comfort Corporation (SCSS) opened at 31.09 on Wednesday. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 22.69 and a beta of 0.65. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74. The company’s 50-day moving average price is $30.20 and its 200 day moving average price is $30.42.
Select Comfort Corporation (NASDAQ:SCSS) last announced 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 return on equity of 44.91% and a net margin of 4.46%. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts predict that Select Comfort Corporation will post $1.39 EPS for the current year.
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In other news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $30.00, for a total transaction of $240,000.00. Following the transaction, the senior vice president now directly owns 64,186 shares of the company’s stock, valued at $1,925,580. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the transaction, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The disclosure for this sale can be found here. Insiders have sold 47,600 shares of company stock worth $1,542,589 over the last ninety days. Insiders own 4.00% of the company’s stock.
Select Comfort Corporation Company Profile
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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