Shares of Select Comfort Corp. (NASDAQ:SCSS) 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 trading hands. The stock had previously closed at $23.50.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday. TheStreet lowered shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $23.00 price objective on shares of Select Comfort Corp. in a research note on Friday, July 15th. Bank of America Corp. raised shares of Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a research note on Friday, July 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Select Comfort Corp. in a research note on Monday, July 18th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.50.

The company has a 50-day moving average price of $22.17 and a 200 day moving average price of $20.70. The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 44.35.

Select Comfort Corp. (NASDAQ:SCSS) last issued its earnings results on Wednesday, July 20th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. During the same period last year, the business earned $0.21 earnings per share. The company earned $277 million during the quarter, compared to analyst estimates of $285.22 million. The firm’s revenue was up .6% compared to the same quarter last year. Analysts predict that Select Comfort Corp. will post $1.24 EPS for the current fiscal year.

Other hedge funds have modified their holdings of the company. Foresters Investment Management Company Inc. acquired a new stake in shares of Select Comfort Corp. during the fourth quarter worth about $11,838,000. Fiduciary Management Associates LLC increased its stake 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 worth $17,977,000 after buying an additional 110,165 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in shares of Select Comfort Corp. during the fourth quarter worth about $11,714,000. Mutual of America Capital Management LLC increased its stake 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 worth $9,139,000 after buying an additional 41,765 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of 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 worth $7,123,000 after buying an additional 1,059 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.

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