Insider Selling: Select Comfort Corp. CEO Sells 14,687 Shares of Stock (SCSS)
Select Comfort Corp. (NASDAQ:SCSS) CEO Shelly Radue Ibach sold 14,687 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $21.50, for a total transaction of $315,770.50. Following the sale, the chief executive officer now directly owns 99,497 shares in the company, valued at approximately $2,139,186. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Select Comfort Corp. (NASDAQ:SCSS) traded down 0.18% on Wednesday, hitting $22.12. The stock had a trading volume of 375,860 shares. Select Comfort Corp. has a 1-year low of $15.31 and a 1-year high of $26.47. The stock has a 50-day moving average of $20.59 and a 200-day moving average of $18.87. The company has a market cap of $1.189 billion and a P/E ratio of 23.35.
Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.02. The company had revenue of $235.00 million for the quarter, compared to the consensus estimate of $223.74 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Select Comfort Corp. will post $1.09 earnings per share for the current fiscal year.
Separately, analysts at Nomura reiterated a “neutral” rating on shares of Select Comfort Corp. in a research note on Tuesday, July 15th. They now have a $20.00 price target on the stock, up previously from $18.00. Six research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.00.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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