Legato Capital Management LLC boosted its stake in shares of Select Comfort Corporation (NASDAQ:SCSS) by 890.2% during the second quarter, Holdings Channel reports. The firm owned 40,143 shares of the company’s stock after buying an additional 36,089 shares during the period. Legato Capital Management LLC’s holdings in Select Comfort Corporation were worth $1,425,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new position in shares of Select Comfort Corporation during the first quarter valued at approximately $107,000. Schmidt P J Investment Management Inc. purchased a new position in shares of Select Comfort Corporation during the first quarter valued at approximately $201,000. First Quadrant L P CA purchased a new position in shares of Select Comfort Corporation during the second quarter valued at approximately $205,000. Meeder Asset Management Inc. raised its position in shares of Select Comfort Corporation by 1,196.5% in the second quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock valued at $223,000 after buying an additional 5,803 shares during the period. Finally, Karp Capital Management Corp purchased a new position in shares of Select Comfort Corporation during the first quarter valued at approximately $249,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.
Select Comfort Corporation (NASDAQ:SCSS) traded down 1.60% during trading on Friday, reaching $31.99. The company had a trading volume of 322,518 shares. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The company has a market capitalization of $1.31 billion, a PE ratio of 23.35 and a beta of 0.69. The firm’s 50 day moving average is $31.95 and its 200 day moving average is $26.74.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings data on Monday, July 17th. The company reported ($0.02) earnings per share 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 company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current year.
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Several equities analysts have recently commented on SCSS shares. Stifel Nicolaus reiterated a “buy” rating and set a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday. Zacks Investment Research upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Saturday, April 22nd. Piper Jaffray Companies set a $32.00 price objective on Select Comfort Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. lowered Select Comfort Corporation from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Select Comfort Corporation has a consensus rating of “Hold” and an average price target of $31.33.
In other Select Comfort Corporation news, Director Stephen L. Gulis, Jr. sold 40,510 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $31.92, for a total transaction of $1,293,079.20. Following the sale, the director now directly owns 36,730 shares of the company’s stock, valued at $1,172,421.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brenda J. Lauderback sold 1,372 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $29.55, for a total value of $40,542.60. The disclosure for this sale can be found here. Insiders have sold 181,076 shares of company stock worth $5,690,607 over the last three months. 4.00% of the stock is currently owned by insiders.
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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