Select Comfort Corp. Stock Rating Upgraded by Zacks (SCSS)
Select Comfort Corp. (NASDAQ:SCSS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a $17.80 target price on the stock. Zacks‘s price objective points to a potential upside of 2.53% from the stock’s previous close.
Shares of Select Comfort Corp. (NASDAQ:SCSS) traded up 1.50% on Tuesday, hitting $17.62. 317,013 shares of the company’s stock traded hands. Select Comfort Corp. has a 1-year low of $15.31 and a 1-year high of $27.84. The stock’s 50-day moving average is $17.70 and its 200-day moving average is $19.49. The company has a market cap of $964.9 million and a price-to-earnings ratio of 16.07.
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 $1.10 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SCSS. Analysts at Nomura initiated coverage on shares of Select Comfort Corp. in a research note on Wednesday, March 19th. They set a “neutral” rating and a $18.00 price target on the stock. Separately, 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. 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. Eight analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.54.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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