Kempen Capital Management N.V. raised its position in Select Comfort Corporation (NASDAQ:SCSS) by 150.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,340 shares of the company’s stock after buying an additional 66,817 shares during the period. Kempen Capital Management N.V. owned about 0.27% of Select Comfort Corporation worth $2,760,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of SCSS. Victory Capital Management Inc. acquired a new stake in shares of Select Comfort Corporation during the first quarter worth $107,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of Select Comfort Corporation by 2,162.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 158,340 shares of the company’s stock worth $158,000 after buying an additional 151,340 shares during the last quarter. Schmidt P J Investment Management Inc. acquired a new stake in shares of Select Comfort Corporation during the first quarter worth $201,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Select Comfort Corporation by 1.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,360 shares of the company’s stock worth $224,000 after buying an additional 180 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Select Comfort Corporation during the first quarter worth $249,000. Institutional investors and hedge funds own 99.76% of the company’s stock.
Shares of Select Comfort Corporation (NASDAQ SCSS) traded down 1.25% during midday trading on Friday, reaching $31.64. The company had a trading volume of 1,203,855 shares. The stock has a market capitalization of $1.32 billion, a PE ratio of 22.96 and a beta of 0.55. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $33.37. The company’s 50 day moving average price is $30.46 and its 200 day moving average price is $25.18.
Select Comfort Corporation (NASDAQ:SCSS) last released its quarterly earnings results on Wednesday, April 19th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. Select Comfort Corporation had a return on equity of 39.03% and a net margin of 4.65%. The firm had revenue of $393.90 million for the quarter, compared to the consensus estimate of $370.03 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts expect that Select Comfort Corporation will post $1.40 earnings per share for the current year.
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A number of brokerages have recently weighed in on SCSS. Zacks Investment Research upgraded Select Comfort Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Stifel Nicolaus restated a “buy” rating and set a $32.00 price target (up previously from $27.00) on shares of Select Comfort Corporation in a research note on Saturday, April 22nd. Piper Jaffray Companies set a $37.00 price target on Select Comfort Corporation and gave the stock a “buy” rating in a research note on Saturday, June 10th. Raymond James Financial, Inc. lowered Select Comfort Corporation from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, April 11th. Finally, Wedbush reiterated a “neutral” rating and issued a $25.00 target price on shares of Select Comfort Corporation in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $30.50.
In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 1,372 shares of Select Comfort Corporation stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $29.55, for a total value of $40,542.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Hunter Saklad sold 8,850 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $30.69, for a total value of $271,606.50. Following the completion of the sale, the senior vice president now directly owns 39,675 shares of the company’s stock, valued at $1,217,625.75. The disclosure for this sale can be found here. Insiders sold a total of 181,076 shares of company stock worth $5,690,607 over the last quarter. Company 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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