Select Comfort Corporation (NASDAQ:SCSS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $36.00 target price (up from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. UBS AG reissued a “sell” rating and set a $17.00 target price (up from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. Zacks Investment Research downgraded shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 target price 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 target price for the stock from $21.50 to $35.00 in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.33.

Shares of Select Comfort Corporation (SCSS) traded up 1.50% during midday trading on Tuesday, hitting $31.11. The stock had a trading volume of 729,615 shares. Select Comfort Corporation has a 12-month low of $17.95 and a 12-month high of $36.74. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 22.71 and a beta of 0.67. The company’s 50-day moving average price is $32.44 and its 200-day moving average price is $28.60.

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

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In other news, SVP Mark A. Kimball sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total value of $272,480.00. Following the sale, the senior vice president now directly owns 72,186 shares of the company’s stock, valued at $2,458,655.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brenda J. Lauderback sold 18,500 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 41,790 shares in the company, valued at $1,364,443.50. The disclosure for this sale can be found here. Insiders have sold 31,600 shares of company stock worth $1,046,029 over the last three months. Company insiders own 4.00% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Cove Street Capital LLC increased its stake in shares of Select Comfort Corporation by 52.0% in the first quarter. Cove Street Capital LLC now owns 1,738,038 shares of the company’s stock valued at $43,086,000 after buying an additional 594,338 shares in the last quarter. Mason Street Advisors LLC increased its stake 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. KCG Holdings Inc. increased its stake in shares of Select Comfort Corporation by 112.3% in the first quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock valued at $647,000 after buying an additional 13,800 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Select Comfort Corporation by 140.7% in the first quarter. Prudential Financial Inc. now owns 209,165 shares of the company’s stock valued at $5,185,000 after buying an additional 122,270 shares in the last quarter. Finally, Kempen Capital Management N.V. increased its stake in shares of Select Comfort Corporation by 150.1% in the first quarter. Kempen Capital Management N.V. now owns 111,340 shares of the company’s stock valued at $2,760,000 after buying an additional 66,817 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

About Select Comfort Corporation

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)

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