Monroe Bank & Trust MI reduced its position in shares of Select Comfort Corporation (NASDAQ:SCSS) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,176 shares of the company’s stock after selling 1,785 shares during the period. Monroe Bank & Trust MI owned 0.07% of Select Comfort Corporation worth $1,071,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SCSS. Bridge City Capital LLC purchased a new position in Select Comfort Corporation during the second quarter worth approximately $2,870,000. Victory Capital Management Inc. raised its position in Select Comfort Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,062 shares of the company’s stock worth $180,000 after buying an additional 759 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Select Comfort Corporation by 67.5% in the second quarter. BNP Paribas Arbitrage SA now owns 35,505 shares of the company’s stock worth $1,260,000 after buying an additional 14,305 shares in the last quarter. Legal & General Group Plc raised its position in Select Comfort Corporation by 5.1% in the second quarter. Legal & General Group Plc now owns 82,453 shares of the company’s stock worth $2,926,000 after buying an additional 4,001 shares in the last quarter. Finally, Alps Advisors Inc. raised its position in Select Comfort Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 19,986 shares of the company’s stock worth $709,000 after buying an additional 52 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Shares of Select Comfort Corporation (NASDAQ:SCSS) traded down 0.53% during trading on Friday, reaching $30.10. 400,633 shares of the company were exchanged. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 21.97 and a beta of 0.67. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The company has a 50 day moving average price of $32.07 and a 200-day moving average price of $28.78.

Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.07. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The firm had revenue of $284.70 million for the quarter, compared to analysts’ expectations of $300.21 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.

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A number of research firms have recently commented on SCSS. BidaskClub lowered shares of Select Comfort Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. UBS AG reaffirmed a “sell” rating and set a $17.00 target price (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research raised shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $38.00 target price on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Finally, Bank of America Corporation raised shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $21.50 to $35.00 in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $31.33.

In other news, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $1,364,443.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction on Friday, August 11th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 31,600 shares of company stock worth $1,046,029 in the last ninety days. Insiders own 4.00% of the company’s stock.

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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