Select Comfort Corporation (SCSS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Select Comfort Corporation (NASDAQ:SCSS) by 5.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,953,082 shares of the company’s stock after buying an additional 199,412 shares during the period. Vanguard Group Inc. owned about 9.49% of Select Comfort Corporation worth $97,997,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Menta Capital LLC bought a new stake in shares of Select Comfort Corporation during the first quarter valued at approximately $1,815,000. Thrivent Financial For Lutherans boosted its stake in shares of Select Comfort Corporation by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 50,360 shares of the company’s stock valued at $1,248,000 after buying an additional 180 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Select Comfort Corporation by 3.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 132,222 shares of the company’s stock valued at $3,278,000 after buying an additional 4,360 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Select Comfort Corporation by 6.7% in the first quarter. TIAA CREF Investment Management LLC now owns 205,656 shares of the company’s stock valued at $5,098,000 after buying an additional 12,959 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Select Comfort Corporation by 26.9% in the first quarter. Wellington Management Group LLP now owns 182,057 shares of the company’s stock valued at $4,513,000 after buying an additional 38,606 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Select Comfort Corporation (NASDAQ:SCSS) traded up 0.27% during mid-day trading on Wednesday, reaching $33.36. 395,250 shares of the company were exchanged. The company has a 50 day moving average of $32.47 and a 200-day moving average of $27.53. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 24.35 and a beta of 0.67. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. During the same period last year, the firm earned $0.03 earnings per share. Select Comfort Corporation’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Select Comfort Corporation will post $1.38 EPS for the current year.

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Several analysts have commented on the stock. BidaskClub upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS AG reiterated a “sell” rating and issued a $17.00 price target (up previously from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Piper Jaffray Companies restated a “buy” rating and set a $38.00 target price on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their target price for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.33.

In other Select Comfort Corporation news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total transaction of $272,480.00. Following the transaction, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda J. Lauderback sold 1,372 shares of Select Comfort Corporation stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $29.55, for a total transaction of $40,542.60. The disclosure for this sale can be found here. Insiders have sold 27,872 shares of company stock worth $917,048 over the last ninety days. 4.00% of the stock is 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.

Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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