Select Comfort Corp. (SCSS) Shares Sold by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC lowered its position in Select Comfort Corp. (NASDAQ:SCSS) by 14.8% during the third quarter, Holdings Channel reports. The fund owned 949,082 shares of the company’s stock after selling 165,126 shares during the period. Copper Rock Capital Partners LLC’s holdings in Select Comfort Corp. were worth $21,117,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Vulcan Value Partners LLC acquired a new position in Select Comfort Corp. during the second quarter worth about $88,019,000. NWQ Investment Management Company LLC purchased a new position in shares of Select Comfort Corp. during the first quarter worth about $14,383,000. Mesirow Financial Investment Management Equity Management purchased a new position in shares of Select Comfort Corp. during the second quarter worth about $14,871,000. Norges Bank purchased a new position in shares of Select Comfort Corp. during the fourth quarter worth about $9,109,000. Finally, Alliancebernstein L.P. boosted its position in shares of Select Comfort Corp. by 15.4% in the second quarter. Alliancebernstein L.P. now owns 2,984,022 shares of the company’s stock worth $63,798,000 after buying an additional 397,774 shares in the last quarter. Hedge funds and other institutional investors own 98.77% of the company’s stock.
Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 21.25 on Friday. The company has a 50-day moving average price of $25.07 and a 200-day moving average price of $22.90. The stock has a market capitalization of $975.99 million, a price-to-earnings ratio of 41.83 and a beta of 1.33. Select Comfort Corp. has a 52-week low of $14.28 and a 52-week high of $28.34.
Select Comfort Corp. (NASDAQ:SCSS) last posted its earnings results on Wednesday, July 20th. The company reported $0.03 earnings per share (EPS) for the quarter, beating 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 had revenue of $277 million for the quarter, compared to analysts’ expectations of $285.22 million. During the same period in the previous year, the firm earned $0.21 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. On average, equities analysts anticipate that Select Comfort Corp. will post $1.24 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday, September 21st. Piper Jaffray Cos. upgraded Select Comfort Corp. from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $31.00 in a report on Monday, August 15th. Wedbush increased their target price on Select Comfort Corp. from $21.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. SunTrust Banks Inc. reiterated a “neutral” rating on shares of Select Comfort Corp. in a report on Wednesday, August 10th. Finally, TheStreet cut Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Five research 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. The stock has a consensus 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 that occurred on Monday, August 15th. The stock was sold at an average price of $28.00, for a total transaction of $89,600.00. Following the transaction, the executive vice president now directly owns 24,910 shares of the company’s stock, valued at $697,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.70% of the company’s stock.
Select Comfort Corp. Company Profile
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.
Want to see what other hedge funds are holding SCSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Select Comfort Corp. (NASDAQ:SCSS).
Receive News & Ratings for Select Comfort Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Comfort Corp. and related companies with MarketBeat.com's FREE daily email newsletter.