Select Comfort Corporation (NASDAQ:SCSS)‘s stock had its “buy” rating reissued by investment analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. They currently have a $38.00 price target on the stock. Piper Jaffray Companies’ price target indicates a potential upside of 29.56% from the stock’s previous close.
SCSS has been the subject of several other reports. BidaskClub cut Select Comfort Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Zacks Investment Research cut Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wedbush reaffirmed a “neutral” rating and issued a $25.00 target price on shares of Select Comfort Corporation in a research report on Thursday, June 1st. UBS AG reaffirmed a “sell” rating and issued a $17.00 target price (up from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $36.00 target price (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Select Comfort Corporation currently has an average rating of “Hold” and an average target price of $31.33.
Shares of Select Comfort Corporation (SCSS) opened at 29.33 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of 21.41 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 $31.66 and its 200-day moving average is $29.31.
Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by $0.07. The firm had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. On average, equities research analysts predict that Select Comfort Corporation will post $1.38 earnings per share for the current fiscal 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 stock was sold at an average price of $34.06, for a total transaction of $272,480.00. Following the completion of the transaction, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brenda J. Lauderback sold 18,500 shares of Select Comfort Corporation stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total value of $604,025.00. Following the transaction, the director now directly owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,600 shares of company stock valued at $1,286,029. Company insiders own 4.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SCSS. BlackRock Inc. lifted its holdings in shares of Select Comfort Corporation by 128,067.2% during the first quarter. BlackRock Inc. now owns 5,166,419 shares of the company’s stock valued at $128,077,000 after acquiring an additional 5,162,388 shares during the period. Acadian Asset Management LLC bought a new position in shares of Select Comfort Corporation during the second quarter valued at $56,857,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Select Comfort Corporation by 856.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock valued at $37,797,000 after acquiring an additional 953,666 shares during the period. Copper Rock Capital Partners LLC bought a new position in shares of Select Comfort Corporation during the second quarter valued at $19,391,000. Finally, Rothschild Asset Management Inc. bought a new position in shares of Select Comfort Corporation during the second quarter valued at $26,591,000. 99.76% of the stock is owned by institutional investors.
Select Comfort Corporation Company Profile
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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