First Trust Advisors LP Has $1,112,000 Position in Select Comfort Corp. (SCSS)
First Trust Advisors LP reduced its position in shares of Select Comfort Corp. (NASDAQ:SCSS) by 14.7% during the second quarter, Holdings Channel reports. The fund owned 52,014 shares of the company’s stock after selling 8,940 shares during the period. First Trust Advisors LP owned about 0.11% of Select Comfort Corp. worth $1,112,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its position in shares of Select Comfort Corp. by 0.3% in the second quarter. Capstone Asset Management Co. now owns 14,563 shares of the company’s stock worth $311,000 after buying an additional 40 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Select Comfort Corp. by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,950 shares of the company’s stock worth $191,000 after buying an additional 150 shares during the period. Legal & General Group Plc increased its position in shares of Select Comfort Corp. by 11.6% in the first quarter. Legal & General Group Plc now owns 12,569 shares of the company’s stock worth $245,000 after buying an additional 1,306 shares during the period. Menta Capital LLC acquired a new position in shares of Select Comfort Corp. during the first quarter worth about $202,000. Finally, California Public Employees Retirement System increased its position in shares of Select Comfort Corp. by 7.0% in the second quarter. California Public Employees Retirement System now owns 161,200 shares of the company’s stock worth $3,446,000 after buying an additional 10,500 shares during the period. 98.77% of the stock is owned by institutional investors and hedge funds.
Shares of Select Comfort Corp. (NASDAQ:SCSS) traded up 0.39% during mid-day trading on Tuesday, reaching $20.80. The company had a trading volume of 431,799 shares. Select Comfort Corp. has a one year low of $14.28 and a one year high of $28.34. The firm has a 50 day moving average of $25.61 and a 200-day moving average of $22.92. The stock has a market capitalization of $955.32 million, a P/E ratio of 40.94 and a beta of 1.33.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Select Comfort Corp. had a return on equity of 21.79% and a net margin of 2.06%. The firm earned $277 million during the quarter, compared to analysts’ expectations of $285.22 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Analysts forecast that Select Comfort Corp. will post $1.24 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. Piper Jaffray Cos. upgraded Select Comfort Corp. from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $23.00 to $31.00 in a research note on Monday, August 15th. SunTrust Banks Inc. restated a “neutral” rating on shares of Select Comfort Corp. in a research note on Wednesday, August 10th. Wedbush upped their price objective on Select Comfort Corp. from $21.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Zacks Investment Research upgraded Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Wednesday, September 21st. Finally, Bank of America Corp. upgraded Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, July 15th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $28.17.
In other news, EVP Andrew P. Carlin sold 3,200 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $28.00, for a total value of $89,600.00. Following the completion of the transaction, the executive vice president now owns 24,910 shares in the company, valued at $697,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by insiders.
About Select Comfort Corp.
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.
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