Select Comfort Corporation (SCSS) Lifted to “Outperform” at Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Select Comfort Corporation (NASDAQ:SCSS) from a market perform rating to an outperform rating in a report released on Monday, Marketbeat reports. The firm currently has $35.00 target price on the stock.
A number of other research firms also recently issued reports on SCSS. Zacks Investment Research upgraded shares of Select Comfort Corporation from a sell rating to a hold rating in a research report on Thursday, July 20th. BidaskClub upgraded shares of Select Comfort Corporation from a hold rating to a buy rating in a research report on Tuesday, June 13th. Piper Jaffray Companies set a $37.00 target price on shares of Select Comfort Corporation and gave the company a buy rating in a research report on Saturday, June 10th. KeyCorp restated a hold rating on shares of Select Comfort Corporation in a research report on Friday, September 29th. Finally, Stifel Nicolaus restated a buy rating and set a $36.00 target price on shares of Select Comfort Corporation in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $31.00.
Shares of Select Comfort Corporation (NASDAQ:SCSS) opened at 32.59 on Monday. The stock has a 50 day moving average price of $30.15 and a 200 day moving average price of $30.16. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.79 and a beta of 0.65. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74.
Select Comfort Corporation (NASDAQ:SCSS) last posted its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 4.46% and a return on equity of 44.91%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities research analysts anticipate that Select Comfort Corporation will post $1.39 EPS for the current year.
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In other Select Comfort Corporation news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total value of $272,480.00. Following the completion of the transaction, the senior vice president now owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Hunter Saklad sold 5,100 shares of Select Comfort Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the transaction, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at approximately $1,314,642. The disclosure for this sale can be found here. Insiders sold 47,600 shares of company stock valued at $1,542,589 in the last ninety days. 4.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. U S Global Investors Inc. purchased a new position in Select Comfort Corporation in the second quarter valued at $1,726,000. Dynamic Technology Lab Private Ltd purchased a new position in Select Comfort Corporation in the second quarter valued at $349,000. WINTON GROUP Ltd purchased a new position in Select Comfort Corporation in the second quarter valued at $947,000. Wasatch Advisors Inc. increased its holdings in Select Comfort Corporation by 7.6% in the second quarter. Wasatch Advisors Inc. now owns 390,282 shares of the company’s stock valued at $13,851,000 after buying an additional 27,584 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in Select Comfort Corporation in the second quarter valued at $320,000. 99.76% of the stock is owned by institutional investors.
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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