Texas Permanent School Fund cut its stake in Select Comfort Corporation (NASDAQ:SCSS) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 30,428 shares of the company’s stock after selling 668 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Select Comfort Corporation worth $1,080,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in shares of Select Comfort Corporation by 91.1% in the first quarter. First Trust Advisors LP now owns 37,311 shares of the company’s stock valued at $925,000 after buying an additional 17,786 shares during the last quarter. Capital One National Association boosted its stake in shares of Select Comfort Corporation by 54.6% in the first quarter. Capital One National Association now owns 33,090 shares of the company’s stock valued at $820,000 after buying an additional 11,690 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Select Comfort Corporation by 230.3% in the first quarter. Canada Pension Plan Investment Board now owns 219,000 shares of the company’s stock valued at $5,429,000 after buying an additional 152,700 shares during the last quarter. Schmidt P J Investment Management Inc. purchased a new stake in shares of Select Comfort Corporation during the first quarter valued at $201,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Select Comfort Corporation by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 170,262 shares of the company’s stock valued at $4,221,000 after buying an additional 25,815 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors.

Shares of Select Comfort Corporation (NASDAQ:SCSS) opened at 31.01 on Friday. The firm has a 50-day moving average price of $32.58 and a 200 day moving average price of $28.41. The company has a market capitalization of $1.27 billion, a P/E ratio of 22.64 and a beta of 0.67. Select Comfort Corporation has a 12-month low of $17.95 and a 12-month high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last announced its quarterly earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $300.21 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current year.

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Several equities research analysts recently weighed in on the company. BidaskClub raised Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research note on Wednesday, July 19th. Zacks Investment Research raised Select Comfort Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. UBS AG reaffirmed a “sell” rating and issued a $17.00 price target (up from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their price target 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, five have assigned a hold rating and four have given a buy rating to the company’s stock. Select Comfort Corporation has an average rating of “Hold” and an average target price of $31.33.

In other news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction 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 in the company, valued at approximately $2,458,655.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Brenda J. Lauderback sold 18,500 shares of Select Comfort Corporation stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total value of $604,025.00. Following the completion of the transaction, the director now 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 31,600 shares of company stock worth $1,046,029 over the last quarter. Company insiders own 4.00% of the company’s stock.

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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