Select Comfort Corporation (NASDAQ:SCSS) SVP Patricia Ann Dirks sold 1,000 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $34.75, for a total transaction of $34,750.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Select Comfort Corporation (SCSS) traded down $0.83 during mid-day trading on Friday, hitting $32.50. 1,068,300 shares of the company were exchanged.

Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Tuesday, October 17th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.06). The company had revenue of $402.64 million for the quarter, compared to analyst estimates of $413.89 million. Select Comfort Corporation had a net margin of 4.34% and a return on equity of 51.12%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.56 EPS.

Select Comfort Corporation declared that its board has approved a stock buyback plan on Tuesday, October 17th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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A number of research analysts have recently issued reports on SCSS shares. Stifel Nicolaus restated a “buy” rating and issued a $36.00 price target (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. BidaskClub upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. KeyCorp restated a “hold” rating on shares of Select Comfort Corporation in a research report on Friday, September 29th. Finally, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Select Comfort Corporation currently has an average rating of “Hold” and an average target price of $30.67.

Institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC increased its stake in Select Comfort Corporation by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock valued at $137,000 after buying an additional 1,665 shares during the period. PNC Financial Services Group Inc. increased its stake in Select Comfort Corporation by 395.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after buying an additional 3,124 shares during the period. Flinton Capital Management LLC increased its stake in Select Comfort Corporation by 75.6% during the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock valued at $150,000 after buying an additional 1,820 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Select Comfort Corporation in the 1st quarter worth approximately $107,000. Finally, First Quadrant L P CA acquired a new position in shares of Select Comfort Corporation in the 2nd quarter worth approximately $205,000.

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.

Insider Buying and Selling by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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