Select Comfort Corp. (NASDAQ:SCSS) shares saw unusually-strong trading volume on Wednesday . Approximately 744,675 shares changed hands during mid-day trading, an increase of 29% from the previous session’s volume of 576,329 shares.The stock last traded at $22.71 and had previously closed at $23.33.

Several equities analysts have recently commented on SCSS shares. Zacks Investment Research downgraded Select Comfort Corp. from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 31st. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $18.00 target price on shares of Select Comfort Corp. in a research report on Monday, March 21st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $21.00 target price on shares of Select Comfort Corp. in a research report on Monday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $25.43.

The stock has a 50 day moving average price of $22.15 and a 200 day moving average price of $20.61. The company has a market cap of $1.06 billion and a price-to-earnings ratio of 33.15.

Select Comfort Corp. (NASDAQ:SCSS) last announced its earnings results on Thursday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.07. The company earned $352.98 million during the quarter, compared to analysts’ expectations of $341.64 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. On average, analysts forecast that Select Comfort Corp. will post $1.28 EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of the company. State Board of Administration of Florida Retirement System increased its stake in Select Comfort Corp. by 13.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 49,786 shares of the company’s stock valued at $1,066,000 after buying an additional 5,736 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Select Comfort Corp. by 0.8% in the fourth quarter. Neuberger Berman Group LLC now owns 554,086 shares of the company’s stock valued at $11,863,000 after buying an additional 4,560 shares in the last quarter. Rhumbline Advisers increased its stake in Select Comfort Corp. by 7.3% in the fourth quarter. Rhumbline Advisers now owns 64,598 shares of the company’s stock valued at $1,383,000 after buying an additional 4,420 shares in the last quarter. New York State Common Retirement Fund increased its stake in Select Comfort Corp. by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 332,696 shares of the company’s stock valued at $7,123,000 after buying an additional 1,059 shares in the last quarter. Finally, New Amsterdam Partners LLC NY increased its stake in Select Comfort Corp. by 24.3% in the fourth quarter. New Amsterdam Partners LLC NY now owns 437,903 shares of the company’s stock valued at $9,376,000 after buying an additional 85,632 shares in the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.