Piper Jaffray Companies reiterated their buy rating on shares of Select Comfort Corporation (NASDAQ:SCSS) in a report released on Wednesday, July 19th. Piper Jaffray Companies currently has a $38.00 target price on the stock.
A number of other equities analysts also recently weighed in on SCSS. Bank of America Corporation reiterated an underperform rating and issued a $21.50 target price on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Zacks Investment Research upgraded Select Comfort Corporation from a strong sell rating to a hold rating in a report on Wednesday, April 12th. Citigroup Inc. downgraded Select Comfort Corporation from an outperform rating to a market perform rating in a report on Tuesday, April 11th. Stifel Nicolaus restated a buy rating and issued a $32.00 price objective (up previously from $27.00) on shares of Select Comfort Corporation in a report on Saturday, April 22nd. Finally, Wedbush restated a neutral rating and issued a $25.00 price objective on shares of Select Comfort Corporation in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Select Comfort Corporation currently has an average rating of Hold and an average target price of $31.33.
Shares of Select Comfort Corporation (NASDAQ SCSS) traded down 3.60% during mid-day trading on Wednesday, hitting $31.89. 308,929 shares of the company traded hands. The firm has a 50-day moving average price of $32.72 and a 200 day moving average price of $28.19. Select Comfort Corporation has a 52-week low of $17.95 and a 52-week high of $36.74. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 23.28 and a beta of 0.67.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Monday, July 17th. The company reported ($0.02) earnings per share 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 business had revenue of $284.70 million during the quarter, compared to analyst estimates of $300.21 million. During the same period in the previous year, the company posted $0.03 earnings per share. Select Comfort Corporation’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Select Comfort Corporation will post $1.38 EPS for the current fiscal year.
In other Select Comfort Corporation news, SVP Joseph Hunter Saklad sold 5,100 shares of the 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 in the company, valued at $1,314,642. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda J. Lauderback sold 18,500 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total value of $604,025.00. Following the transaction, the director now owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The disclosure for this sale can be found here. Insiders sold 32,972 shares of company stock valued at $1,086,572 over the last three months. 4.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in Select Comfort Corporation by 75.7% in the second 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Select Comfort Corporation by 395.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after buying an additional 3,124 shares during the period. Flinton Capital Management LLC raised its stake in shares of Select Comfort Corporation by 75.6% in the second quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after buying an additional 1,820 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Select Comfort Corporation during the first quarter worth approximately $107,000. Finally, First Quadrant L P CA purchased a new stake in shares of Select Comfort Corporation during the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.
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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