Select Comfort Corp. (SCSS) : Blue Clay Capital Management scooped up 3,365 additional shares in Select Comfort Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 823,297 shares of Select Comfort Corp. which is valued at $21,208,131.Select Comfort Corp. makes up approximately 27.62% of Blue Clay Capital Management’s portfolio.
Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in SCSS by selling 644,513 shares or 71.73% in the most recent quarter. The Hedge Fund company now holds 254,022 shares of SCSS which is valued at $6,543,607. Select Comfort Corp. makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio. Bayesian Capital Management Lp added SCSS to its portfolio by purchasing 23,196 company shares during the most recent quarter which is valued at $597,529. Select Comfort Corp. makes up approx 0.33% of Bayesian Capital Management Lp’s portfolio. Dynamic Technology Lab Private Ltd added SCSS to its portfolio by purchasing 16,477 company shares during the most recent quarter which is valued at $424,448. Select Comfort Corp. makes up approx 0.11% of Dynamic Technology Lab Private Ltd’s portfolio.Airain Ltd boosted its stake in SCSS in the latest quarter, The investment management firm added 30,101 additional shares and now holds a total of 41,700 shares of Select Comfort Corp. which is valued at $1,042,083. Select Comfort Corp. makes up approx 0.06% of Airain Ltd’s portfolio.California State Teachers Retirement System reduced its stake in SCSS by selling 7,544 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 97,149 shares of SCSS which is valued at $2,280,087.
Select Comfort Corp. opened for trading at $26.35 and hit $26.5 on the upside on Thursday, eventually ending the session at $26.33, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 5,69,962 shares. Company has a market cap of $1,209 M.
On the company’s financial health, Select Comfort Corp. reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.02. The company had revenue of $277.00 million for the quarter, compared to analysts expectations of $283.51 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Upgraded by Piper Jaffray to ” Overweight” on Aug 15, 2016. Company shares were Reiterated by Wedbush on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 27 from a previous price target of $21 .Select Comfort Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jul 15, 2016.
Select Comfort Corporation is a designer manufacturer marketer retailer and servicer of a line of Sleep Number beds. The Companys Sleep Number bed offers SleepIQ technology sensors that work directly with the beds DualAir technology to monitor each individuals sleep. The Company also offers a line of sleep products including FlextFit adjustable base technology and Sleep Number pillows sheets and other bedding products. The Company offers Sleep Number beds in a range of sizes including twin full queen eastern king California king and the FlexTop mattress. It offers Sleep Number beds in four series which includes Classic Series Performance Series Innovation Series and Memory Foam Series. The companys Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.