New York State Teachers Retirement System Decreases Stake in Select Comfort Corp. (SCSS)
New York State Teachers Retirement System decreased its stake in Select Comfort Corp. (NASDAQ:SCSS) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 118,988 shares of the company’s stock after selling 600 shares during the period. New York State Teachers Retirement System’s holdings in Select Comfort Corp. were worth $2,692,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SCSS. US Bancorp DE boosted its position in Select Comfort Corp. by 204.3% in the third quarter. US Bancorp DE now owns 4,628 shares of the company’s stock valued at $100,000 after buying an additional 3,107 shares during the last quarter. Royal Bank of Canada boosted its position in Select Comfort Corp. by 11.9% in the second quarter. Royal Bank of Canada now owns 9,664 shares of the company’s stock valued at $206,000 after buying an additional 1,024 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Select Comfort Corp. by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,360 shares of the company’s stock valued at $224,000 after buying an additional 180 shares in the last quarter. Aperio Group LLC boosted its position in Select Comfort Corp. by 1.2% in the third quarter. Aperio Group LLC now owns 11,578 shares of the company’s stock valued at $250,000 after buying an additional 138 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Select Comfort Corp. during the third quarter valued at approximately $257,000.
Select Comfort Corp. (NASDAQ:SCSS) opened at 24.47 on Friday. Select Comfort Corp. has a 12-month low of $17.40 and a 12-month high of $28.34. The stock has a market capitalization of $1.05 billion, a PE ratio of 22.25 and a beta of 0.69. The stock’s 50 day moving average is $22.50 and its 200 day moving average is $22.40.
Select Comfort Corp. (NASDAQ:SCSS) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.07. Select Comfort Corp. had a net margin of 3.92% and a return on equity of 29.47%. The business earned $313.44 million during the quarter, compared to analyst estimates of $314.98 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s quarterly revenue was up 46.0% on a year-over-year basis. Analysts forecast that Select Comfort Corp. will post $1.31 EPS for the current year.
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Several research firms have recently commented on SCSS. Wedbush restated a “neutral” rating and set a $20.00 price target (down from $22.00) on shares of Select Comfort Corp. in a report on Thursday, February 9th. Zacks Investment Research cut shares of Select Comfort Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.75.
In related news, Director Brenda J. Lauderback sold 8,500 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $22.51, for a total value of $191,335.00. Following the transaction, the director now directly owns 40,742 shares in the company, valued at $917,102.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.
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