Select Comfort Corporation (SCSS) Stake Decreased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its position in shares of Select Comfort Corporation (NASDAQ:SCSS) by 59.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,328 shares of the company’s stock after selling 34,560 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.06% of Select Comfort Corporation worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in Select Comfort Corporation during the 1st quarter worth approximately $107,000. First Quadrant L P CA acquired a new position in Select Comfort Corporation during the 2nd quarter worth approximately $205,000. Bowling Portfolio Management LLC acquired a new position in Select Comfort Corporation during the 2nd quarter worth approximately $211,000. Meeder Asset Management Inc. increased its position in Select Comfort Corporation by 1,196.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock worth $223,000 after purchasing an additional 5,803 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Select Comfort Corporation during the 2nd quarter worth approximately $225,000. 99.76% of the stock is owned by institutional investors.

Shares of Select Comfort Corporation (SCSS) opened at 29.42 on Wednesday. The stock’s 50 day moving average is $31.56 and its 200 day moving average is $29.44. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The firm has a market capitalization of $1.21 billion, a PE ratio of 21.47 and a beta of 0.67.

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

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In other news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $30.00, for a total value of $240,000.00. Following the sale, the senior vice president now directly owns 64,186 shares of the company’s stock, valued at approximately $1,925,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the sale, 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 sold a total of 39,600 shares of company stock worth $1,286,029 over the last ninety days. Insiders own 4.00% of the company’s stock.

A number of research firms recently issued reports on SCSS. 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, July 18th. UBS AG reiterated a “sell” rating and set a $17.00 price objective (up from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research cut shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research report on Friday, September 8th. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.33.

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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