Select Comfort Corporation (NASDAQ:SCSS) has received an average rating of “Hold” from the ten research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $30.20.

Several research firms have commented on SCSS. Stifel Nicolaus reissued a “buy” rating and set a $36.00 price objective (up previously from $32.00) on shares of Select Comfort Corporation in a report on Tuesday, July 18th. UBS AG reissued a “sell” rating and set a $17.00 price objective (up previously from $16.00) on shares of Select Comfort Corporation in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Select Comfort Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies reissued a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a 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 company from $21.50 to $35.00 in a 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 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 owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $33.24, for a total transaction of $169,524.00. Following the completion of the sale, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at approximately $1,314,642. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,600 shares of company stock valued at $1,046,029. 4.00% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in SCSS. BlackRock Inc. increased its stake in shares of Select Comfort Corporation by 0.6% in the second quarter. BlackRock Inc. now owns 5,199,396 shares of the company’s stock valued at $184,526,000 after buying an additional 32,977 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Select Comfort Corporation by 3.6% in the second quarter. Vanguard Group Inc. now owns 4,093,883 shares of the company’s stock valued at $145,291,000 after buying an additional 140,801 shares during the last quarter. 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 during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Select Comfort Corporation during the second quarter valued at about $56,857,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Select Comfort Corporation by 856.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,065,008 shares of the company’s stock valued at $37,797,000 after buying an additional 953,666 shares during the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

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Shares of Select Comfort Corporation (NASDAQ SCSS) opened at 30.45 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 22.23 and a beta of 0.67. The firm’s 50-day moving average price is $31.95 and its 200 day moving average price is $29.10. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last released its quarterly earnings data on Monday, July 17th. The company reported ($0.02) EPS for the quarter, missing the 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 company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same period last year, the company earned $0.03 EPS. The firm’s revenue for the quarter 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.

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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