Capstone Asset Management Co. lowered its position in shares of Select Comfort Corporation (NASDAQ:SCSS) by 10.4% during the second quarter, Holdings Channel reports. The firm owned 7,803 shares of the company’s stock after selling 910 shares during the period. Capstone Asset Management Co.’s holdings in Select Comfort Corporation were worth $277,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital One National Association boosted its stake in shares of Select Comfort Corporation by 54.6% in the first quarter. Capital One National Association now owns 33,090 shares of the company’s stock worth $820,000 after buying an additional 11,690 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Select Comfort Corporation by 230.3% in the first quarter. Canada Pension Plan Investment Board now owns 219,000 shares of the company’s stock worth $5,429,000 after buying an additional 152,700 shares during the period. Schmidt P J Investment Management Inc. bought a new stake in shares of Select Comfort Corporation during the first quarter worth approximately $201,000. Russell Investments Group Ltd. boosted its stake in shares of Select Comfort Corporation by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 170,262 shares of the company’s stock worth $4,221,000 after buying an additional 25,815 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Select Comfort Corporation by 37.0% in the first quarter. Janney Montgomery Scott LLC now owns 17,334 shares of the company’s stock worth $430,000 after buying an additional 4,680 shares during the period. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Shares of Select Comfort Corporation (SCSS) traded up 0.97% on Wednesday, hitting $32.35. The company’s stock had a trading volume of 131,353 shares. The stock’s 50 day moving average is $32.72 and its 200-day moving average is $28.28. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 23.61 and a beta of 0.67. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last posted its quarterly earnings data 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 return on equity of 44.91% and a net margin of 4.46%. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Select Comfort Corporation will post $1.38 earnings per share for the current year.

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A number of brokerages have commented on SCSS. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Piper Jaffray Companies set a $32.00 target price on Select Comfort Corporation and gave the company a “buy” rating in a report on Thursday, April 20th. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. UBS AG reiterated a “sell” rating and set a $17.00 target price (up previously from $16.00) on shares of Select Comfort Corporation in a report on Friday, July 21st. Finally, Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and increased their target price for the company from $21.50 to $35.00 in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Select Comfort Corporation presently has an average rating of “Hold” and an average target price of $31.33.

In other Select Comfort Corporation news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total transaction of $272,480.00. Following the transaction, the senior vice president now directly owns 72,186 shares in the company, valued at approximately $2,458,655.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brenda J. Lauderback sold 18,500 shares of Select Comfort Corporation stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the transaction, the director now owns 41,790 shares in the company, valued at $1,364,443.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,600 shares of company stock worth $1,046,029. 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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