First Quadrant L P CA purchased a new position in Select Comfort Corporation (NASDAQ:SCSS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,766 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Select Comfort Corporation during the first quarter worth about $107,000. Meeder Asset Management Inc. boosted its stake 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 worth $223,000 after buying an additional 5,803 shares during the period. Schmidt P J Investment Management Inc. bought a new stake in shares of Select Comfort Corporation during the first quarter worth $201,000. State of Alaska Department of Revenue boosted its stake in shares of Select Comfort Corporation by 73.5% in the second quarter. State of Alaska Department of Revenue now owns 8,225 shares of the company’s stock worth $291,000 after buying an additional 3,485 shares during the period. Finally, 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 period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Select Comfort Corporation (SCSS) traded up 0.59% on Thursday, hitting $32.60. The stock had a trading volume of 182,040 shares. The firm’s 50-day moving average price is $32.42 and its 200 day moving average price is $27.42. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The firm has a market cap of $1.34 billion, a PE ratio of 23.80 and a beta of 0.67.

Select Comfort Corporation (NASDAQ:SCSS) last posted its quarterly earnings data 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. The company had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.

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A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Select Comfort Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Stifel Nicolaus restated a “buy” rating and set a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research note on Tuesday, July 18th. UBS AG restated a “sell” rating and set a $17.00 price objective (up from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. Piper Jaffray Companies restated a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a research note on Wednesday, July 19th. Finally, Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $21.50 to $35.00 in a research note on Wednesday, July 19th. 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 has a consensus rating of “Hold” and a consensus price target of $31.33.

In other news, Director Brenda J. Lauderback sold 18,500 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 41,790 shares of the company’s stock, valued at approximately $1,364,443.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,872 shares of company stock valued at $917,048. 4.00% of the stock is owned by company insiders.

About Select Comfort Corporation

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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