Recent Analysts’ Ratings Changes for Select Comfort Corporation (SCSS)

A number of research firms have changed their ratings and price targets for Select Comfort Corporation (NASDAQ: SCSS):

  • 7/21/2017 – Select Comfort Corporation had its “sell” rating reaffirmed by analysts at UBS AG. They now have a $17.00 price target on the stock, up previously from $16.00.
  • 7/20/2017 – Select Comfort Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “SELECT COMFORT is engaged in the manufacture, specialty retailing and direct marketing of premium quality, innovative adjustable-firmness beds and other sleep-related products. “
  • 7/19/2017 – Select Comfort Corporation was upgraded by analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating. They now have a $35.00 price target on the stock, up previously from $21.50.
  • 7/19/2017 – Select Comfort Corporation had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $38.00 price target on the stock.
  • 7/18/2017 – Select Comfort Corporation had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $36.00 price target on the stock, up previously from $32.00.
  • 7/11/2017 – Select Comfort Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SELECT COMFORT is engaged in the manufacture, specialty retailing and direct marketing of premium quality, innovative adjustable-firmness beds and other sleep-related products. “
  • 6/13/2017 – Select Comfort Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/10/2017 – Select Comfort Corporation was given a new $37.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.

Select Comfort Corporation (NASDAQ:SCSS) traded down 1.74% on Tuesday, hitting $33.27. The company had a trading volume of 586,032 shares. The stock has a market cap of $1.37 billion, a P/E ratio of 24.28 and a beta of 0.67. The firm’s 50 day moving average price is $32.47 and its 200 day moving average price is $27.53. Select Comfort Corporation has a 12-month low of $17.95 and a 12-month high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. During the same quarter in the previous year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current fiscal year.

In related news, Director Brenda J. Lauderback sold 1,372 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $29.55, for a total value of $40,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark A. Kimball sold 8,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total transaction of $272,480.00. Following the completion of the sale, the senior vice president now owns 72,186 shares of the company’s stock, valued at approximately $2,458,655.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,872 shares of company stock valued at $917,048. 4.00% of the stock is owned by corporate insiders.

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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