Select Comfort Corp. (SCSS) Trading 2.4% Higher
Select Comfort Corp. (NASDAQ:SCSS)’s share price traded up 2.4% on Monday . The stock traded as high as $23.43 and last traded at $23.34, with a volume of 358,731 shares traded. The stock had previously closed at $22.80.
A number of equities analysts have recently commented on the company. Wedbush restated an “outperform” rating on shares of Select Comfort Corp. in a report on Monday. Piper Jaffray Cos. restated a “neutral” rating and issued a $23.00 price objective on shares of Select Comfort Corp. in a report on Friday. Bank of America Corp. upgraded Select Comfort Corp. from an “underperform” rating to a “neutral” rating in a report on Friday. Finally, Zacks Investment Research upgraded Select Comfort Corp. from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Six 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.00.
The stock’s 50 day moving average price is $22.16 and its 200-day moving average price is $20.64. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 33.94.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.07. During the same period last year, the company earned $0.54 EPS. The company earned $352.98 million during the quarter, compared to analyst estimates of $341.64 million. The business’s revenue for the quarter was up .9% compared to the same quarter last year. Equities research analysts expect that Select Comfort Corp. will post $1.27 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in SCSS. Fiduciary Management Associates LLC boosted its stake in 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 in the last quarter. Foresters Investment Management Company Inc. purchased a new stake in Select Comfort Corp. during the fourth quarter worth approximately $11,838,000. Freestone Capital Holdings LLC purchased a new stake in Select Comfort Corp. during the fourth quarter worth approximately $11,714,000. New Amsterdam Partners LLC NY boosted its stake in 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 worth $9,376,000 after buying an additional 85,632 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in 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 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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