Royal Bank of Canada boosted its stake in shares of Select Comfort Corporation (NASDAQ:SCSS) by 67.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,669 shares of the company’s stock after buying an additional 8,327 shares during the quarter. Royal Bank of Canada owned 0.05% of Select Comfort Corporation worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Riverhead Capital Management LLC lifted its holdings in shares of Select Comfort Corporation by 75.7% in the second quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock valued at $137,000 after purchasing an additional 1,665 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Select Comfort Corporation by 395.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after purchasing an additional 3,124 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Select Comfort Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,062 shares of the company’s stock valued at $180,000 after purchasing an additional 759 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of Select Comfort Corporation in the second quarter valued at about $205,000. Finally, Amalgamated Bank purchased a new stake in shares of Select Comfort Corporation in the second quarter valued at about $206,000.

Several brokerages have issued reports on SCSS. Zacks Investment Research downgraded shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. BidaskClub raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp reaffirmed a “hold” rating on shares of Select Comfort Corporation in a report on Friday, September 29th. Raymond James Financial, Inc. raised shares of Select Comfort Corporation from a “market perform” rating to an “outperform” rating and set a $35.00 price objective on the stock in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies set a $38.00 price objective on shares of Select Comfort Corporation and gave the company a “buy” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Select Comfort Corporation currently has a consensus rating of “Hold” and an average target price of $30.67.

Select Comfort Corporation (NASDAQ SCSS) opened at $32.50 on Thursday. Select Comfort Corporation has a 52-week low of $18.89 and a 52-week high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.06). Select Comfort Corporation had a return on equity of 51.12% and a net margin of 4.34%. The company had revenue of $402.64 million for the quarter, compared to analyst estimates of $413.89 million. During the same period last year, the company posted $0.56 EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis.

Select Comfort Corporation announced that its board has initiated a stock repurchase program on Tuesday, October 17th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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In related news, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the transaction, the senior vice president now owns 39,550 shares of the company’s stock, valued at $1,314,642. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.00, for a total transaction of $240,000.00. Following the transaction, the senior vice president now directly owns 64,186 shares of the company’s stock, valued at approximately $1,925,580. The disclosure for this sale can be found here. Insiders have sold 25,100 shares of company stock valued at $802,234 in the last ninety days. 4.00% of the stock is currently owned by company insiders.

Select Comfort Corporation 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.

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

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