Select Comfort Corp. Downgraded to Neutral at McLean Capital Management (SCSS)
Select Comfort Corp. (NASDAQ:SCSS) was downgraded by analysts at McLean Capital Management from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, AR Network reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Select Comfort Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $17.70 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Select Comfort Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday. Finally, analysts at Wedbush cut their price target on shares of Select Comfort Corp. from $30.00 to $22.00 in a research note to investors on Thursday, October 17th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.39.
Shares of Select Comfort Corp. (NASDAQ:SCSS) traded down 1.05% on Friday, hitting $18.80. The stock had a trading volume of 997,006 shares. Select Comfort Corp. has a 52-week low of $16.62 and a 52-week high of $34.00. The stock’s 50-day moving average is $23.17 and its 200-day moving average is $21.9. The company has a market cap of $1.039 billion and a P/E ratio of 16.13.
Select Comfort Corp. (NASDAQ:SCSS) last released its earnings data 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 in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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