Select Comfort Corp. (NASDAQ:SCSS)’s share price shot up 2.4% during trading on Monday . The company traded as high as $23.43 and last traded at $23.34, with a volume of 358,731 shares changing hands. The stock had previously closed at $22.80.

A number of brokerages have commented on SCSS. Zacks Investment Research raised Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Tuesday. Wedbush reissued an “outperform” rating and set a $21.00 target price on shares of Select Comfort Corp. in a report on Monday. Piper Jaffray Cos. reissued a “neutral” rating and set a $23.00 target price on shares of Select Comfort Corp. in a report on Friday, July 15th. Finally, Bank of America Corp. raised Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $25.50.

The company has a market capitalization of $1.06 billion and a PE ratio of 33.17. The company’s 50 day moving average is $22.19 and its 200-day moving average is $20.65.

Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. The company earned $352.98 million during the quarter, compared to analyst estimates of $341.64 million. During the same quarter last year, the firm earned $0.54 EPS. The business’s revenue was up .9% on a year-over-year basis. Equities analysts forecast that Select Comfort Corp. will post $1.27 EPS for the current year.

A number of institutional investors recently modified their holdings of SCSS. Freestone Capital Holdings LLC bought a new position in shares of Select Comfort Corp. during the fourth quarter valued at about $11,714,000. Mutual of America Capital Management LLC boosted its position in shares of 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. State Board of Administration of Florida Retirement System boosted its position in shares of 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 during the period. Rhumbline Advisers boosted its position in shares of 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 during the period. Finally, New Amsterdam Partners LLC NY boosted its position in shares of 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.

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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