Schwab Charles Investment Management Inc. increased its stake in Select Comfort Corporation (NASDAQ:SCSS) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 303,130 shares of the company’s stock after purchasing an additional 12,915 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.74% of Select Comfort Corporation worth $10,759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial For Lutherans increased its position in shares of Select Comfort Corporation by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 50,360 shares of the company’s stock worth $1,248,000 after purchasing an additional 180 shares during the period. Mason Street Advisors LLC increased its position in shares of Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock worth $249,000 after purchasing an additional 223 shares during the period. Monroe Bank & Trust MI increased its position in shares of Select Comfort Corporation by 1.5% in the first quarter. Monroe Bank & Trust MI now owns 31,961 shares of the company’s stock worth $792,000 after purchasing an additional 459 shares during the period. Capital One National Association increased its position in shares of Select Comfort Corporation by 2.7% in the second quarter. Capital One National Association now owns 33,984 shares of the company’s stock worth $1,206,000 after purchasing an additional 894 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Select Comfort Corporation by 4.5% in the first quarter. BNP Paribas Arbitrage SA now owns 21,200 shares of the company’s stock worth $526,000 after purchasing an additional 912 shares during the period. Institutional investors own 99.76% of the company’s stock.

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In other Select Comfort Corporation news, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $33.24, for a total value of $169,524.00. Following the transaction, the senior vice president now directly owns 39,550 shares in the company, valued at approximately $1,314,642. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $30.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president now owns 64,186 shares in the company, valued at $1,925,580. The disclosure for this sale can be found here. Insiders sold a total of 39,600 shares of company stock worth $1,286,029 over the last 90 days. Corporate insiders own 4.00% of the company’s stock.

Shares of Select Comfort Corporation (NASDAQ:SCSS) opened at 31.05 on Friday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 22.66 and a beta of 0.67. The company has a 50-day moving average price of $30.92 and a 200 day moving average price of $29.67. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07). The business had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. Select Comfort Corporation’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, equities research analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.

SCSS has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $37.00 price target on Select Comfort Corporation and gave the stock a “buy” rating in a research report on Saturday, June 10th. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered Select Comfort Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research note on Tuesday, July 18th. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $21.50 to $35.00 in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Select Comfort Corporation presently has a consensus rating of “Hold” and an average price target of $31.33.

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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