Select Comfort Corp. (NASDAQ:SCSS) shares fell 5.2% during mid-day trading on Thursday . The company traded as low as $21.59 and last traded at $22.27, with a volume of 1,539,323 shares changing hands. The stock had previously closed at $23.50.

A number of research firms recently issued reports on SCSS. 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 target price on shares of Select Comfort Corp. in a research report on Friday, July 15th. Wedbush restated an “outperform” rating and set a $21.00 target price on shares of Select Comfort Corp. in a research report on Monday. 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, July 15th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $25.50.

The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 32.13. The firm’s 50 day moving average is $22.22 and its 200-day moving average is $20.68.

Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. The business had revenue of $277 million for the quarter, compared to the consensus estimate of $285.22 million. During the same period in the previous year, the business posted $0.21 EPS. Select Comfort Corp.’s revenue was up .6% compared to the same quarter last year. Equities analysts forecast that Select Comfort Corp. will post $1.27 earnings per share for the current year.

Other institutional investors have modified their holdings of the company. Foresters Investment Management Company Inc. acquired a new position in shares of Select Comfort Corp. during the fourth quarter valued at $11,838,000. Fiduciary Management Associates LLC raised its position in shares of 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 last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Select Comfort Corp. during the fourth quarter valued at $11,714,000. Mutual of America Capital Management LLC raised 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 last quarter. Finally, New Amsterdam Partners LLC NY raised 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 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.