Select Comfort Corporation (SCSS) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. grew its position in shares of Select Comfort Corporation (NASDAQ:SCSS) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 630,595 shares of the company’s stock after purchasing an additional 26,300 shares during the quarter. Goldman Sachs Group Inc. owned 1.54% of Select Comfort Corporation worth $22,380,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SCSS. Victory Capital Management Inc. acquired a new position in shares of Select Comfort Corporation during the 1st quarter valued at $107,000. Riverhead Capital Management LLC increased its position in shares of 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 purchasing an additional 1,665 shares during the period. PNC Financial Services Group Inc. increased its position in shares of 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 purchasing an additional 3,124 shares during the period. First Quadrant L P CA acquired a new position in shares of Select Comfort Corporation during the 2nd quarter valued at $205,000. Finally, Amalgamated Bank acquired a new position in shares of Select Comfort Corporation during the 2nd quarter valued at $206,000.

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In related news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $30.00, for a total value of $240,000.00. Following the completion of the transaction, the senior vice president now directly owns 64,186 shares of the company’s stock, valued at approximately $1,925,580. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the transaction, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at $1,314,642. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,600 shares of company stock valued at $1,542,589. Company insiders own 4.00% of the company’s stock.

SCSS has been the topic of several research analyst reports. Zacks Investment Research cut Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Stifel Nicolaus reiterated a “buy” rating and set a $36.00 price target (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $21.50 to $35.00 in a research note on Wednesday, July 19th. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a research note on Wednesday, July 19th. Finally, UBS AG reissued a “sell” rating and set a $17.00 price objective (up from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $31.00.

Select Comfort Corporation (NASDAQ:SCSS) last released its quarterly earnings data on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $300.21 million. During the same quarter in the prior year, the company earned $0.03 EPS. Select Comfort Corporation’s quarterly revenue was up 2.8% on a year-over-year basis.

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.

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

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