Select Comfort Corp. Target of Unusually Large Options Trading (SCSS)
Shares of Select Comfort Corp. (NASDAQ:SCSS) was the target of some unusual options trading on Monday. Traders acquired 8,636 put options on the stock, AnalystRatings.NET reports. This is an increase of 744% compared to the average daily volume of 1,023 put options.
Several analysts have recently commented on the stock. Analysts at KeyCorp upgraded shares of Select Comfort Corp. from a “hold” rating to a “buy” rating in a research note to investors on Friday, August 30th. They now have a $30.00 price target on the stock. Separately, analysts at Longbow Research upgraded shares of Select Comfort Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, August 27th. Finally, analysts at Barclays Capital raised their price target on shares of Select Comfort Corp. from $20.00 to $25.00 in a research note to investors on Thursday, July 18th. They now have an “equal weight” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Select Comfort Corp. currently has an average rating of “Buy” and a consensus price target of $28.14.
Select Comfort Corp. (NASDAQ:SCSS) traded down 1.04% during mid-day trading on Monday, hitting $25.75. 1,469,753 shares of the company’s stock traded hands. Select Comfort Corp. has a one year low of $16.62 and a one year high of $32.84. The stock’s 50-day moving average is $24.72 and its 200-day moving average is $22.84. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 20.33.
Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.18 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $207.40 million for the quarter, compared to the consensus estimate of $210.76 million. During the same quarter last year, the company posted $0.30 earnings per share. Select Comfort Corp.’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Select Comfort Corp. will post $1.33 earnings per share for the current fiscal year.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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