Select Comfort Corp. Price Target Lowered to $26.00 at Raymond James (SCSS)
Stock analysts at Raymond James reduced their price target on shares of Select Comfort Corp. (NASDAQ:SCSS) from $30.00 to $26.00 in a report issued on Thursday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 36.91% from the company’s current price.
Shares of Select Comfort Corp. (NASDAQ:SCSS) traded down 21.53% on Thursday, hitting $18.99. 14,028,261 shares of the company’s stock traded hands. Select Comfort Corp. has a 52-week low of $16.62 and a 52-week high of $31.20. The stock’s 50-day moving average is $24.85 and its 200-day moving average is $22.95. The company has a market cap of $1.056 billion and a P/E ratio of 18.91. Select Comfort Corp. also was the target of unusually large options trading on Monday. Traders bought 13,176 call options on the stock. This represents an increase of approximately 654% compared to the average daily volume of 1,748 call options.
Select Comfort Corp. (NASDAQ:SCSS) last announced its earnings results on Wednesday, October 16th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.07. The company had revenue of $264.00 million for the quarter, compared to the consensus estimate of $277.50 million. During the same quarter last year, the company posted $0.46 earnings per share. Select Comfort Corp.’s revenue was up 6.8% 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.
A number of other firms have also recently commented on SCSS. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Select Comfort Corp. in a research note to investors on Thursday. They now have a $25.00 price target on the stock, down previously from $30.00. Separately, analysts at Piper Jaffray Cos. downgraded shares of Select Comfort Corp. from an “overweight” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $18.00 price target on the stock, down previously from $31.00. Finally, analysts at KeyCorp downgraded shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $30.00 price target on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.57.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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