Summit Securities Group LLC purchased a new position in Select Comfort Corporation (NASDAQ:SCSS) during the second quarter, Holdings Channel reports. The fund purchased 7,819 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of Select Comfort Corporation during the first quarter worth $107,000. Schmidt P J Investment Management Inc. bought a new position in shares of Select Comfort Corporation during the first quarter worth $201,000. First Quadrant L P CA bought a new position in shares of Select Comfort Corporation during the second quarter worth $205,000. Bowling Portfolio Management LLC bought a new position in shares of Select Comfort Corporation during the second quarter worth $211,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Select Comfort Corporation by 1,196.5% in the second quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock worth $223,000 after buying an additional 5,803 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Select Comfort Corporation (SCSS) opened at 33.00 on Friday. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74. The firm’s 50-day moving average price is $32.68 and its 200 day moving average price is $27.98. The stock has a market cap of $1.36 billion, a PE ratio of 24.09 and a beta of 0.67.

Select Comfort Corporation (NASDAQ:SCSS) last announced its quarterly earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.07. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The business had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Select Comfort Corporation will post $1.38 EPS for the current year.

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A number of equities analysts recently weighed in on SCSS shares. Piper Jaffray Companies reissued a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research note on Wednesday, July 19th. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 price target (up previously from $32.00) on shares of Select Comfort Corporation in a research note on Tuesday, July 18th. BidaskClub raised Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Saturday, April 22nd. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $21.50 to $35.00 in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.33.

In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 18,500 shares of the stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $32.65, for a total value of $604,025.00. Following the completion of the sale, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value of $272,480.00. Following the completion of the sale, the senior vice president now owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The disclosure for this sale can be found here. Insiders sold 27,872 shares of company stock valued at $917,048 over the last 90 days. Corporate 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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Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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