Select Comfort Corp. (NASDAQ:SCSS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.22 and last traded at $25.99, with a volume of 1,202,021 shares trading hands. The stock had previously closed at $24.99.

A number of research firms have recently issued reports on SCSS. Zacks Investment Research lowered Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Saturday, July 23rd. TheStreet lowered Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Wedbush reissued an “outperform” rating and issued a $21.00 target price on shares of Select Comfort Corp. in a report on Monday, July 18th. Piper Jaffray Cos. reissued a “neutral” rating and issued 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. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.50.

The stock has a market cap of $1.18 billion and a P/E ratio of 50.77. The company has a 50 day moving average price of $22.52 and a 200-day moving average price of $20.92.

Select Comfort Corp. (NASDAQ:SCSS) last released its earnings results on Wednesday, July 20th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $277 million for the quarter, compared to the consensus estimate of $285.22 million. During the same period in the prior year, the business earned $0.21 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts predict that Select Comfort Corp. will post $1.24 EPS for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in SCSS. State Board of Administration of Florida Retirement System increased its position 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 worth $1,066,000 after buying an additional 5,736 shares in the last quarter. Rhumbline Advisers increased its stake 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. Foresters Investment Management Company Inc. bought a new stake in shares of Select Comfort Corp. during the fourth quarter valued at about $11,838,000. Finally, 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 valued at $17,977,000 after buying an additional 110,165 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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