Select Comfort Corp. Sees Unusually Large Options Volume (SCSS)
Shares of Select Comfort Corp. (NASDAQ:SCSS) were the recipient of some unusual options trading on Thursday. Traders purchased 8,416 put options on the company, American Banking News reports. This is an increase of approximately 1,425% compared to the average daily volume of 552 put options.
A number of analysts have recently weighed in on SCSS shares. Analysts at Raymond James upgraded shares of Select Comfort Corp. from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. They now have a $24.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Select Comfort Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 15th. They now have a $15.90 price target on the stock. Finally, analysts at Wedbush downgraded shares of Select Comfort Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 8th. They now have a $18.00 price target on the stock, down previously from $22.00. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Select Comfort Corp. presently has a consensus rating of “Hold” and a consensus price target of $21.82.
Select Comfort Corp. (NASDAQ:SCSS) opened at 18.08 on Friday. Select Comfort Corp. has a 52-week low of $15.31 and a 52-week high of $27.84. The stock’s 50-day moving average is $16.98 and its 200-day moving average is $20.66. The company has a market cap of $990.1 million and a price-to-earnings ratio of 17.14.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.03. The company had revenue of $231.00 million for the quarter, compared to the consensus estimate of $232.04 million. During the same quarter last year, the company posted $0.22 earnings per share. Select Comfort Corp.’s revenue was up 4.7% compared to the same quarter last year. Analysts expect that Select Comfort Corp. will post $1.11 EPS for the current fiscal year.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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