Select Comfort Corp. (NASDAQ:SCSS) shares saw strong trading volume on Tuesday . 739,214 shares traded hands during trading, an increase of 23% from the previous session’s volume of 600,450 shares.The stock last traded at $22.68 and had previously closed at $23.25.

Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Select Comfort Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th. Piper Jaffray Cos. restated a “neutral” rating and set a $23.00 price target on shares of Select Comfort Corp. in a research report on Friday. Wedbush restated an “outperform” rating and set a $21.00 price target on shares of Select Comfort Corp. in a research report on Monday, March 21st. Finally, Bank of America Corp. upgraded shares of Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Select Comfort Corp. presently has an average rating of “Buy” and a consensus price target of $25.50.

The firm has a 50-day moving average of $22.19 and a 200-day moving average of $20.65. The firm has a market cap of $1.06 billion and a PE ratio of 33.17.

Select Comfort Corp. (NASDAQ:SCSS) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.20 by $0.07. The business earned $352.98 million during the quarter, compared to analysts’ expectations of $341.64 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Select Comfort Corp. will post $1.27 EPS for the current year.

Other hedge funds have added to or reduced their stakes in the company. Fiduciary Management Associates LLC increased its stake in Select Comfort Corp. by 15.1% in the fourth quarter. Fiduciary Management Associates LLC now owns 839,605 shares of the company’s stock valued at $17,977,000 after buying an additional 110,165 shares during the period. Foresters Investment Management Company Inc. acquired a new stake in Select Comfort Corp. during the fourth quarter valued at approximately $11,838,000. Freestone Capital Holdings LLC acquired a new stake in Select Comfort Corp. during the fourth quarter valued at approximately $11,714,000. 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 during the period. Finally, Mutual of America Capital Management LLC increased its stake in Select Comfort Corp. by 10.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 426,858 shares of the company’s stock valued at $9,139,000 after buying an additional 41,765 shares during the period.

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.

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