Select Comfort Corporation (NASDAQ:SCSS) SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total value of $272,480.00. Following the sale, the senior vice president now owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Select Comfort Corporation (SCSS) traded down 0.48% on Friday, reaching $31.01. The company’s stock had a trading volume of 1,368,264 shares. The company has a market capitalization of $1.27 billion, a PE ratio of 22.64 and a beta of 0.67. The firm has a 50-day moving average of $32.58 and a 200-day moving average of $28.41. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74.
Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.
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Several equities research analysts recently weighed in on SCSS shares. Zacks Investment Research upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a report on Saturday, April 22nd. Stifel Nicolaus restated a “buy” rating and set a $32.00 target price (up from $27.00) on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Bank of America Corporation restated an “underperform” rating and set a $21.50 target price on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Wedbush reaffirmed a “neutral” rating and set a $25.00 price target on shares of Select Comfort Corporation in a research report on Thursday, June 1st. Finally, Piper Jaffray Companies set a $37.00 price target on Select Comfort Corporation and gave the company a “buy” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Select Comfort Corporation has a consensus rating of “Hold” and a consensus price target of $31.33.
Hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. purchased a new stake in shares of Select Comfort Corporation during the second quarter worth about $1,726,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Select Comfort Corporation during the second quarter worth about $349,000. WINTON GROUP Ltd purchased a new stake in shares of Select Comfort Corporation during the second quarter worth about $947,000. Wasatch Advisors Inc. raised its stake in shares of Select Comfort Corporation by 7.6% in the second quarter. Wasatch Advisors Inc. now owns 390,282 shares of the company’s stock worth $13,851,000 after buying an additional 27,584 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in shares of Select Comfort Corporation during the second quarter worth about $320,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.
Select Comfort Corporation Company 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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