Select Comfort Corporation (NASDAQ:SCSS)‘s stock had its “sell” rating restated by equities research analysts at UBS AG in a report released on Friday, www.flashratings.com reports. They currently have a $17.00 price target on the stock, up from their prior price target of $16.00. UBS AG’s price target indicates a potential downside of 47.71% from the company’s previous close.

A number of other research firms have also recently commented on SCSS. Piper Jaffray Companies set a $32.00 target price on Select Comfort Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Wednesday. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $32.00 price objective (up from $27.00) on shares of Select Comfort Corporation in a report on Saturday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Select Comfort Corporation presently has an average rating of “Hold” and an average price target of $31.33.

Select Comfort Corporation (SCSS) opened at 32.51 on Friday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 23.73 and a beta of 0.69. The stock has a 50 day moving average price of $31.95 and a 200-day moving average price of $26.74. Select Comfort Corporation has a 1-year low of $17.95 and a 1-year high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last posted its earnings results on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.07. Select Comfort Corporation had a net margin of 4.46% and a return on equity of 44.91%. The business had revenue of $284.70 million for the quarter, compared to analyst estimates of $300.21 million. During the same quarter last year, the business earned $0.03 earnings per share. Select Comfort Corporation’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Select Comfort Corporation will post $1.38 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Select Comfort Corporation (SCSS) Receives Sell Rating from UBS AG” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/07/21/select-comfort-corporation-scss-receives-sell-rating-from-ubs-ag.html.

In related news, Director Stephen L. Gulis, Jr. sold 40,510 shares of Select Comfort Corporation stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $31.92, for a total value of $1,293,079.20. Following the sale, the director now directly owns 36,730 shares in the company, valued at approximately $1,172,421.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shelly Radue Ibach sold 79,844 shares of Select Comfort Corporation stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $31.13, for a total value of $2,485,543.72. Following the completion of the sale, the insider now owns 14,000 shares in the company, valued at $435,820. The disclosure for this sale can be found here. Over the last quarter, insiders sold 181,076 shares of company stock worth $5,690,607. 4.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its position in shares of Select Comfort Corporation by 0.4% in the first quarter. Thrivent Financial For Lutherans now owns 50,360 shares of the company’s stock valued at $1,248,000 after buying an additional 180 shares in the last quarter. Mason Street Advisors LLC boosted its position in shares of Select Comfort Corporation by 2.3% in the first quarter. Mason Street Advisors LLC now owns 10,043 shares of the company’s stock valued at $249,000 after buying an additional 223 shares in the last quarter. Monroe Bank & Trust MI boosted its position in shares of Select Comfort Corporation by 1.5% in the first quarter. Monroe Bank & Trust MI now owns 31,961 shares of the company’s stock valued at $792,000 after buying an additional 459 shares in the last quarter. Capital One National Association boosted its position in shares of Select Comfort Corporation by 2.7% in the second quarter. Capital One National Association now owns 33,984 shares of the company’s stock valued at $1,206,000 after buying an additional 894 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Select Comfort Corporation by 4.5% in the first quarter. BNP Paribas Arbitrage SA now owns 21,200 shares of the company’s stock valued at $526,000 after buying an additional 912 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Select Comfort Corporation Company Profile

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

Analyst Recommendations for Select Comfort Corporation (NASDAQ:SCSS)

Receive News & Ratings for Select Comfort Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Comfort Corporation and related companies with MarketBeat.com's FREE daily email newsletter.