Strs Ohio reduced its position in Select Comfort Corporation (NASDAQ:SCSS) by 16.6% during the second quarter, Holdings Channel reports. The fund owned 29,700 shares of the company’s stock after selling 5,900 shares during the period. Strs Ohio’s holdings in Select Comfort Corporation were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Select Comfort Corporation during the first quarter worth $107,000. First Quadrant L P CA purchased a new position in Select Comfort Corporation during the second quarter worth $205,000. Meeder Asset Management Inc. raised its position in Select Comfort Corporation by 1,196.5% in the second quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock worth $223,000 after buying an additional 5,803 shares during the last quarter. Schmidt P J Investment Management Inc. purchased a new position in Select Comfort Corporation during the first quarter worth $201,000. Finally, State of Alaska Department of Revenue raised its position in Select Comfort Corporation by 73.5% in the second quarter. State of Alaska Department of Revenue now owns 8,225 shares of the company’s stock worth $291,000 after buying an additional 3,485 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Select Comfort Corporation (NASDAQ:SCSS) opened at 33.08 on Tuesday. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74. The company’s 50 day moving average is $32.72 and its 200-day moving average is $28.19. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 24.15 and a beta of 0.67.

Select Comfort Corporation (NASDAQ:SCSS) last posted its earnings results 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. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. Select Comfort Corporation’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. On average, analysts expect that Select Comfort Corporation will post $1.38 earnings per share for the current fiscal year.

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A number of research firms have weighed in on SCSS. Piper Jaffray Companies set a $37.00 price target on shares of Select Comfort Corporation and gave the stock a “buy” rating in a research report on Saturday, June 10th. BidaskClub upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. UBS AG reiterated a “sell” rating and issued a $17.00 price target (up from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $21.50 to $35.00 in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.33.

In other 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 completion of the transaction, 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 SEC, which is available through the SEC website. Also, Director Brenda J. Lauderback sold 1,372 shares of Select Comfort Corporation stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $29.55, for a total transaction of $40,542.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,972 shares of company stock valued at $1,086,572. 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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