Capital One National Association acquired a new position in shares of Select Comfort Corporation (NASDAQ:SCSS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 21,635 shares of the company’s stock, valued at approximately $467,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of SCSS. Vulcan Value Partners LLC bought a new position in shares of Select Comfort Corporation during the second quarter worth $88,019,000. Mesirow Financial Investment Management Equity Management bought a new position in shares of Select Comfort Corporation during the second quarter worth $14,871,000. Alliancebernstein L.P. increased its position in shares of Select Comfort Corporation by 15.4% in the second quarter. Alliancebernstein L.P. now owns 2,984,022 shares of the company’s stock worth $63,798,000 after buying an additional 397,774 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Select Comfort Corporation during the third quarter worth $6,112,000. Finally, Oxford Asset Management increased its position in shares of Select Comfort Corporation by 178.0% in the second quarter. Oxford Asset Management now owns 439,947 shares of the company’s stock worth $9,406,000 after buying an additional 281,718 shares during the period. Institutional investors own 99.92% of the company’s stock.
Shares of Select Comfort Corporation (NASDAQ:SCSS) traded down 1.95% during mid-day trading on Wednesday, hitting $20.60. 853,917 shares of the stock were exchanged. The stock’s 50-day moving average price is $22.53 and its 200-day moving average price is $23.05. Select Comfort Corporation has a 52-week low of $14.28 and a 52-week high of $28.34. The company has a market cap of $925.78 million, a P/E ratio of 51.63 and a beta of 0.78.
Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Wednesday, October 19th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by $0.01. The company earned $368 million during the quarter, compared to analyst estimates of $391.02 million. Select Comfort Corporation had a return on equity of 21.31% and a net margin of 1.56%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Equities research analysts anticipate that Select Comfort Corporation will post $1.17 earnings per share for the current fiscal year.
SCSS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, October 29th. TheStreet raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th. Wedbush cut shares of Select Comfort Corporation from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $22.00 in a report on Tuesday, December 6th. Finally, Bank of America Corporation cut shares of Select Comfort Corporation from a “neutral” rating to an “underperform” rating and set a $16.00 target price for the company. in a report on Thursday, October 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.67.
About Select Comfort Corporation
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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