Teachers Advisors LLC continued to hold its position in shares of Select Comfort Corporation (NASDAQ:SCSS) during the first quarter, Holdings Channel reports. The fund owned 130,210 shares of the company’s stock at the end of the first quarter. Teachers Advisors LLC’s holdings in Select Comfort Corporation were worth $3,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Select Comfort Corporation by 26.9% in the first quarter. Wellington Management Group LLP now owns 182,057 shares of the company’s stock valued at $4,513,000 after buying an additional 38,606 shares during the period. OppenheimerFunds Inc. boosted its position in shares of Select Comfort Corporation by 21.0% in the first quarter. OppenheimerFunds Inc. now owns 40,306 shares of the company’s stock valued at $999,000 after buying an additional 6,988 shares during the period. Kempen Capital Management N.V. boosted its position in shares of Select Comfort Corporation by 150.1% in the first quarter. Kempen Capital Management N.V. now owns 111,340 shares of the company’s stock valued at $2,760,000 after buying an additional 66,817 shares during the period. Spark Investment Management LLC boosted its position in shares of Select Comfort Corporation by 1.2% in the first quarter. Spark Investment Management LLC now owns 201,400 shares of the company’s stock valued at $4,992,000 after buying an additional 2,300 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Select Comfort Corporation by 1.6% in the first quarter. Neuberger Berman Group LLC now owns 774,462 shares of the company’s stock valued at $19,199,000 after buying an additional 12,448 shares during the period. 99.76% of the stock is owned by hedge funds and other institutional investors.

Select Comfort Corporation (SCSS) traded up 0.76% during mid-day trading on Friday, reaching $33.00. 474,560 shares of the company traded hands. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74. The stock’s 50 day moving average price is $32.68 and its 200 day moving average price is $27.98. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 24.09 and a beta of 0.67.

Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing the 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 company had revenue of $284.70 million during the quarter, compared to analyst estimates of $300.21 million. During the same period in the previous year, the company posted $0.03 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Select Comfort Corporation will post $1.38 EPS for the current year.

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Several research analysts recently issued reports on the stock. BidaskClub raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. UBS AG restated a “sell” rating and set a $17.00 price target (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Piper Jaffray Companies restated a “buy” rating and set a $38.00 price target on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and raised their price target for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.33.

In other news, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the sale, the director now owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the firm’s 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 sale, the senior vice president now directly owns 72,186 shares in the company, valued at approximately $2,458,655.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,872 shares of company stock worth $917,048. 4.00% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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