Victory Capital Management Inc. boosted its stake in shares of Select Comfort Corporation (NASDAQ:SCSS) by 17.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,062 shares of the company’s stock after purchasing an additional 759 shares during the quarter. Victory Capital Management Inc.’s holdings in Select Comfort Corporation were worth $180,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new position in Select Comfort Corporation during the 2nd quarter valued at approximately $205,000. Bowling Portfolio Management LLC acquired a new position in Select Comfort Corporation during the 2nd quarter valued at approximately $211,000. Meeder Asset Management Inc. boosted its position in Select Comfort Corporation by 1,196.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock valued at $223,000 after purchasing an additional 5,803 shares during the period. Cigna Investments Inc. New acquired a new position in Select Comfort Corporation during the 2nd quarter valued at approximately $225,000. Finally, ARP Americas LLC acquired a new position in Select Comfort Corporation during the 2nd quarter valued at approximately $234,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Select Comfort Corporation (NASDAQ:SCSS) opened at 29.65 on Friday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 21.64 and a beta of 0.67. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74. The firm’s 50-day moving average price is $30.92 and its 200-day moving average price is $29.67.

Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ 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 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 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current year.

A number of research firms recently issued reports on SCSS. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Piper Jaffray Companies restated a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. UBS AG restated a “sell” rating and set a $17.00 price objective (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Finally, Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $21.50 to $35.00 in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Select Comfort Corporation presently has a consensus rating of “Hold” and an average price target of $31.33.

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In related news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total transaction of $272,480.00. Following the completion of the sale, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at approximately $2,458,655.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.24, for a total value of $169,524.00. Following the sale, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at $1,314,642. The disclosure for this sale can be found here. Insiders have sold a total of 39,600 shares of company stock valued at $1,286,029 over the last ninety days. Insiders own 4.00% of the company’s stock.

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.

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

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