Somewhat Positive Press Coverage Somewhat Unlikely to Affect Select Comfort Corporation (SCSS) Share Price
News stories about Select Comfort Corporation (NASDAQ:SCSS) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Select Comfort Corporation earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.8105943266493 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Select Comfort Corporation (NASDAQ SCSS) traded up 1.51% during trading on Friday, hitting $29.65. The stock had a trading volume of 503,925 shares. The firm has a market cap of $1.22 billion, a P/E ratio of 21.64 and a beta of 0.67. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The firm’s 50-day moving average is $30.92 and its 200-day moving average is $29.67.
Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings data on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.07). The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $300.21 million. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Equities research analysts forecast that Select Comfort Corporation will post $1.38 EPS for the current year.
Several analysts have commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price objective (up from $32.00) on shares of Select Comfort Corporation in a research note on Tuesday, July 18th. UBS AG reissued a “sell” rating and set a $17.00 target price (up from $16.00) on shares of Select Comfort Corporation in a research note on Friday, July 21st. Zacks Investment Research downgraded Select Comfort Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 target price on shares of Select Comfort Corporation in a research note on Friday, September 8th. Finally, Bank of America Corporation raised Select Comfort Corporation from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $21.50 to $35.00 in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.33.
In other news, Director Brenda J. Lauderback sold 18,500 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the completion of the transaction, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $33.24, for a total value of $169,524.00. Following the transaction, the senior vice president now owns 39,550 shares of the company’s stock, valued at $1,314,642. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,600 shares of company stock valued at $1,286,029. Insiders own 4.00% of the company’s stock.
About Select Comfort Corporation
Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.
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