Select Comfort Corp. Rating Lowered to Hold at KeyCorp (SCSS)
Select Comfort Corp. (NASDAQ:SCSS) was downgraded by analysts at KeyCorp from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $30.00 price objective on the stock. KeyCorp’s price target would suggest a potential upside of 23.97% from the stock’s previous close.
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. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $26.29.
Select Comfort Corp. (NASDAQ:SCSS) traded down 22.15% during mid-day trading on Thursday, hitting $18.84. The stock had a trading volume of 11,559,521 shares. Select Comfort Corp. has a one year low of $16.62 and a one year high of $31.20. The stock has a 50-day moving average of $24.85 and a 200-day moving average of $22.95. The company has a market cap of $1.048 billion and a P/E ratio of 18.91. Select Comfort Corp. also was the target of unusually large options trading on Monday. Stock investors bought 13,176 call options on the company. This represents an increase of 654% compared to the typical daily volume of 1,748 call options.
Select Comfort Corp. (NASDAQ:SCSS) last released its earnings data on Wednesday, October 16th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that Select Comfort Corp. will post $1.33 EPS for the current fiscal year.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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