Fmr LLC lowered its position in shares of Select Comfort Corporation (NASDAQ:SCSS) by 77.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 614,745 shares of the company’s stock after selling 2,153,428 shares during the period. Fmr LLC owned 1.48% of Select Comfort Corporation worth $15,240,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of SCSS. Two Sigma Investments LP bought a new position in Select Comfort Corporation during the fourth quarter worth approximately $362,000. Mason Street Advisors LLC boosted its stake in shares of Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock worth $249,000 after buying an additional 223 shares during the last quarter. Comerica Bank boosted its stake in shares of Select Comfort Corporation by 3.5% in the fourth quarter. Comerica Bank now owns 47,930 shares of the company’s stock worth $1,006,000 after buying an additional 1,604 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Select Comfort Corporation by 140.7% in the first quarter. Prudential Financial Inc. now owns 209,165 shares of the company’s stock worth $5,185,000 after buying an additional 122,270 shares during the last quarter. Finally, Kempen Capital Management N.V. boosted its stake in shares of Select Comfort Corporation by 150.1% in the first quarter. Kempen Capital Management N.V. now owns 111,340 shares of the company’s stock worth $2,760,000 after buying an additional 66,817 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.
Select Comfort Corporation (NASDAQ:SCSS) opened at 32.51 on Friday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 23.73 and a beta of 0.69. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74. The company has a 50-day moving average of $31.95 and a 200-day moving average of $26.74.
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. Analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current year.
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A number of analysts recently weighed in on SCSS shares. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Saturday, April 22nd. Raymond James Financial, Inc. cut shares of Select Comfort Corporation from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, April 11th. Citigroup Inc. cut shares of Select Comfort Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 11th. Wedbush restated a “neutral” rating and set a $25.00 target price on shares of Select Comfort Corporation in a report on Thursday, June 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $36.00 target price (up from $32.00) on shares of Select Comfort Corporation in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.83.
In other news, Director Brenda J. Lauderback sold 1,372 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $29.55, for a total value of $40,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew P. Carlin sold 14,500 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $31.63, for a total transaction of $458,635.00. Following the completion of the transaction, the executive vice president now owns 43,546 shares of the company’s stock, valued at approximately $1,377,359.98. The disclosure for this sale can be found here. Insiders sold 181,076 shares of company stock valued at $5,690,607 in 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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