Select Comfort Corp. (NASDAQ:SCSS)’s share price hit a new 52-week high during 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. The stock had previously closed at $24.99.

SCSS has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Saturday, July 23rd. Bank of America Corp. upgraded shares of Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Wedbush restated an “outperform” rating and issued a $21.00 target price on shares of Select Comfort Corp. in a report on Monday, July 18th. TheStreet lowered shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $23.00 target price on shares of Select Comfort Corp. in a report on Friday, July 15th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.

The firm’s 50-day moving average is $22.71 and its 200 day moving average is $21.04. The company has a market cap of $1.16 billion and a PE ratio of 49.57.

Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings results 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 firm had revenue of $277 million for the quarter, compared to analysts’ expectations of $285.22 million. During the same period in the prior year, the firm earned $0.21 EPS. Select Comfort Corp.’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that Select Comfort Corp. will post $1.24 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased 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 in the last quarter. Rhumbline Advisers increased 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 in the last quarter. Foresters Investment Management Company Inc. purchased a new position in shares of Select Comfort Corp. during the fourth quarter valued at $11,838,000. Finally, Fiduciary Management Associates LLC increased 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 in 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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