Select Comfort Corp. (SCSS) Shares Sold by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC decreased its stake in Select Comfort Corp. (NASDAQ:SCSS) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 949,082 shares of the company’s stock after selling 165,126 shares during the period. Copper Rock Capital Partners LLC owned 2.07% of Select Comfort Corp. worth $21,117,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in SCSS. Vulcan Value Partners LLC acquired a new stake in Select Comfort Corp. during the second quarter worth about $88,019,000. NWQ Investment Management Company LLC acquired a new stake in Select Comfort Corp. during the first quarter worth about $14,383,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Select Comfort Corp. during the second quarter worth about $14,871,000. Norges Bank acquired a new stake in Select Comfort Corp. during the fourth quarter worth about $9,109,000. Finally, Alliancebernstein L.P. increased its stake in Select Comfort Corp. by 15.4% in the second quarter. Alliancebernstein L.P. now owns 2,984,022 shares of the company’s stock worth $63,798,000 after buying an additional 397,774 shares during the period. Hedge funds and other institutional investors own 98.77% of the company’s stock.
Select Comfort Corp. (NASDAQ:SCSS) opened at 21.25 on Friday. Select Comfort Corp. has a 52-week low of $14.28 and a 52-week high of $28.34. The firm’s 50-day moving average is $25.07 and its 200-day moving average is $22.90. The company has a market capitalization of $975.99 million, a PE ratio of 41.83 and a beta of 1.33.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $277 million for the quarter, compared to analysts’ expectations of $285.22 million. Select Comfort Corp. had a return on equity of 21.79% and a net margin of 2.06%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. On average, equities research analysts forecast that Select Comfort Corp. will post $1.24 EPS for the current year.
A number of analysts have recently issued reports on SCSS shares. Bank of America Corp. upgraded shares of Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $23.00 price objective on shares of Select Comfort Corp. in a report on Friday, July 15th. Wedbush reiterated an “outperform” rating and issued a $21.00 price objective on shares of Select Comfort Corp. in a report on Monday, July 18th. Zacks Investment Research upgraded shares of Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Tuesday, July 19th. Finally, TheStreet downgraded shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Select Comfort Corp. has a consensus rating of “Buy” and an average price target of $28.17.
In other Select Comfort Corp. news, EVP Andrew P. Carlin sold 3,200 shares of the stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $28.00, for a total transaction of $89,600.00. Following the transaction, the executive vice president now directly owns 24,910 shares in the company, valued at approximately $697,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.70% of the company’s stock.
About Select Comfort Corp.
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.
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