Monroe Bank & Trust MI raised its stake in Select Comfort Corporation (NASDAQ:SCSS) by 1.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 31,961 shares of the company’s stock after buying an additional 459 shares during the period. Monroe Bank & Trust MI owned approximately 0.08% of Select Comfort Corporation worth $792,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Select Comfort Corporation during the first quarter valued at approximately $107,000. Schmidt P J Investment Management Inc. acquired a new stake in shares of Select Comfort Corporation during the first quarter valued at about $201,000. Mason Street Advisors LLC increased 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 valued at $249,000 after buying an additional 223 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Select Comfort Corporation during the first quarter valued at about $249,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Select Comfort Corporation during the first quarter valued at about $255,000. 99.76% of the stock is owned by institutional investors.
Shares of Select Comfort Corporation (SCSS) traded up 2.02% during midday trading on Monday, hitting $32.28. The company had a trading volume of 575,551 shares. The stock’s 50-day moving average price is $30.46 and its 200-day moving average price is $25.18. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 23.43 and a beta of 0.55. Select Comfort Corporation has a one year low of $17.95 and a one year high of $33.37.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings data on Wednesday, April 19th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.46 by $0.10. The firm had revenue of $393.90 million during the quarter, compared to the consensus estimate of $370.03 million. Select Comfort Corporation had a net margin of 4.65% and a return on equity of 39.03%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. Analysts predict that Select Comfort Corporation will post $1.40 EPS for the current year.
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SCSS has been the topic of several research reports. Piper Jaffray Companies set a $32.00 target price on Select Comfort Corporation and gave the stock a “buy” rating in a research report on Thursday, April 20th. Citigroup Inc. lowered Select Comfort Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 11th. BidaskClub raised Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Bank of America Corporation reaffirmed an “underperform” rating and issued a $21.50 target price on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Finally, Zacks Investment Research raised Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.50.
In related news, Director Stephen L. Gulis, Jr. sold 40,510 shares of the business’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $31.92, for a total transaction of $1,293,079.20. Following the transaction, the director now owns 36,730 shares in the company, valued at $1,172,421.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Andrew P. Carlin sold 14,500 shares of the company’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $31.63, for a total transaction of $458,635.00. Following the completion of the sale, the executive vice president now owns 43,546 shares in the company, valued at approximately $1,377,359.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,076 shares of company stock valued at $5,690,607. 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.
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