Copper Rock Capital Partners buys $21.3 Million stake in Select Comfort Corp. (SCSS)

Select Comfort Corp. (SCSS) : Copper Rock Capital Partners scooped up 285,663 additional shares in Select Comfort Corp. during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 1,096,860 shares of Select Comfort Corp. which is valued at $21.3 Million.Select Comfort Corp. makes up approximately 1.87% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, Select Comfort Corp. reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $-0.04. The company had revenue of $215.00 million for the quarter, compared to analysts expectations of $289.24 million. The company’s revenue was down -33.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Initiated by Longbow to “Neutral” on Mar 15, 2016. Shares were Reiterated by Wedbush on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 21 from a previous price target of $23 .Wedbush Upgraded Select Comfort Corp. on Jan 29, 2016 to ” Outperform”, Price Target of the shares are set at $23.

Select Comfort Corp. opened for trading at $19.18 and hit $20.25 on the upside on Monday, eventually ending the session at $19.38, with a gain of 0.68% or 0.13 points. The heightened volatility saw the trading volume jump to 8,25,366 shares. Company has a market cap of $942 M.

Select Comfort Corporation is a designer manufacturer marketer retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s 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 company’s Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.

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