Schroder Investment Management Group bought a new stake in shares of Select Comfort Corporation (NASDAQ:SCSS) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 24,599 shares of the company’s stock, valued at approximately $604,000. Schroder Investment Management Group owned about 0.06% of Select Comfort Corporation as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SCSS. Victory Capital Management Inc. purchased a new stake in shares of Select Comfort Corporation during the first quarter valued at approximately $107,000. Cipher Capital LP increased its stake in shares of Select Comfort Corporation by 15.5% in the first quarter. Cipher Capital LP now owns 182,782 shares of the company’s stock valued at $4,531,000 after buying an additional 24,531 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of Select Comfort Corporation during the first quarter valued at approximately $316,000. Prudential Financial Inc. increased its stake in shares of Select Comfort Corporation by 140.7% in the first quarter. Prudential Financial Inc. now owns 209,165 shares of the company’s stock valued at $5,185,000 after buying an additional 122,270 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Select Comfort Corporation by 92.1% in the first quarter. JPMorgan Chase & Co. now owns 599,216 shares of the company’s stock valued at $14,854,000 after buying an additional 287,217 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

Select Comfort Corporation (NASDAQ:SCSS) opened at 31.64 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 22.96 and a beta of 0.55. Select Comfort Corporation has a 12-month low of $17.95 and a 12-month high of $33.37. The stock has a 50 day moving average of $30.46 and a 200 day moving average of $25.18.

Select Comfort Corporation (NASDAQ:SCSS) last released its quarterly earnings data on Wednesday, April 19th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.10. The company had revenue of $393.90 million during the quarter, compared to analyst estimates of $370.03 million. Select Comfort Corporation had a net margin of 4.65% and a return on equity of 39.03%. Select Comfort Corporation’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.27 EPS. On average, equities research analysts anticipate that Select Comfort Corporation will post $1.40 EPS for the current fiscal year.

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Several equities research analysts have commented on the stock. BidaskClub raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Jaffray Companies set a $37.00 target price on shares of Select Comfort Corporation and gave the company a “buy” rating in a research note on Saturday, June 10th. Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Select Comfort Corporation in a research note on Thursday, June 1st. Zacks Investment Research downgraded shares of Select Comfort Corporation from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and issued a $21.50 target price on shares of Select Comfort Corporation in a research note on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.50.

In other news, insider Shelly Radue Ibach sold 79,844 shares of Select Comfort Corporation stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.13, for a total value of $2,485,543.72. Following the completion of the sale, the insider now owns 14,000 shares in the company, valued at approximately $435,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda J. Lauderback sold 1,372 shares of Select Comfort Corporation stock in a transaction 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. Insiders sold a total of 181,076 shares of company stock valued at $5,690,607 in the last quarter. 4.00% of the stock is currently owned by company insiders.

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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