Select Comfort Corporation (NASDAQ:SCSS) has been assigned an average recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.20.

A number of research firms recently weighed in on SCSS. Zacks Investment Research raised shares of Select Comfort Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $36.00 price objective (up previously from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. UBS AG reaffirmed a “sell” rating and set a $17.00 price objective (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Piper Jaffray Companies reaffirmed a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Finally, Bank of America Corporation raised shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $21.50 to $35.00 in a research report on Wednesday, July 19th.

In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total value of $604,025.00. Following the completion of the transaction, the director now owns 41,790 shares of the company’s stock, valued at approximately $1,364,443.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda J. Lauderback sold 1,372 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $29.55, for a total transaction of $40,542.60. The disclosure for this sale can be found here. Insiders sold a total of 27,872 shares of company stock valued at $917,048 in the last three months. 4.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new position in shares of Select Comfort Corporation during the first quarter valued at approximately $107,000. Schmidt P J Investment Management Inc. acquired a new position in shares of Select Comfort Corporation during the first quarter valued at approximately $201,000. First Quadrant L P CA acquired a new position in shares of Select Comfort Corporation during the second quarter valued at approximately $205,000. Bowling Portfolio Management LLC acquired a new position in shares of Select Comfort Corporation during the second quarter valued at approximately $211,000. Finally, Meeder Asset Management Inc. boosted its position in shares of Select Comfort Corporation by 1,196.5% in the second quarter. Meeder Asset Management Inc. now owns 6,288 shares of the company’s stock valued at $223,000 after buying an additional 5,803 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Shares of Select Comfort Corporation (SCSS) opened at 33.86 on Tuesday. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The company has a 50 day moving average price of $32.42 and a 200-day moving average price of $27.42. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 24.72 and a beta of 0.67.

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

TRADEMARK VIOLATION WARNING: “Select Comfort Corporation (NASDAQ:SCSS) Receives Consensus Rating of “Hold” from Analysts” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/08/select-comfort-corporation-nasdaqscss-receives-consensus-rating-of-hold-from-analysts.html.

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.