Select Comfort Corporation (NASDAQ:SCSS)‘s stock had its “buy” rating reissued by equities research analysts at Stifel Nicolaus in a report issued on Thursday. They currently have a $36.00 price objective on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 22.74% from the stock’s previous close.

A number of other brokerages have also recently issued reports on SCSS. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub upgraded Select Comfort Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Wedbush restated a “neutral” rating and set a $25.00 target price on shares of Select Comfort Corporation in a report on Thursday, June 1st. Piper Jaffray Companies set a $37.00 target price on Select Comfort Corporation and gave the stock a “buy” rating in a report on Saturday, June 10th. Finally, Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $21.50 to $35.00 in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Select Comfort Corporation presently has a consensus rating of “Hold” and an average price target of $31.33.

Select Comfort Corporation (NASDAQ:SCSS) traded down 1.05% during mid-day trading on Thursday, reaching $29.33. The company’s stock had a trading volume of 672,221 shares. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 21.41 and a beta of 0.67. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74. The stock’s 50 day moving average is $31.75 and its 200 day moving average is $29.31.

Select Comfort Corporation (NASDAQ:SCSS) last issued its earnings results on Monday, July 17th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same quarter last year, the business posted $0.03 EPS. Select Comfort Corporation’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Select Comfort Corporation will post $1.38 EPS for the current year.

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In related news, SVP Mark A. Kimball sold 8,000 shares of Select Comfort Corporation stock in a transaction that occurred on 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 owns 72,186 shares of the company’s stock, valued at approximately $2,458,655.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joseph Hunter Saklad sold 5,100 shares of Select Comfort Corporation stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.24, for a total value of $169,524.00. Following the completion of the sale, the senior vice president now directly owns 39,550 shares in the company, valued at approximately $1,314,642. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,600 shares of company stock worth $1,286,029. 4.00% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in SCSS. Teachers Advisors LLC raised its position in Select Comfort Corporation by 48.6% in the 4th quarter. Teachers Advisors LLC now owns 130,210 shares of the company’s stock valued at $2,945,000 after buying an additional 42,594 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Select Comfort Corporation by 37.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,334 shares of the company’s stock valued at $430,000 after buying an additional 4,680 shares during the last quarter. Russell Investments Group Ltd. raised its position in Select Comfort Corporation by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 170,262 shares of the company’s stock valued at $4,221,000 after buying an additional 25,815 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Select Comfort Corporation by 230.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 219,000 shares of the company’s stock valued at $5,429,000 after buying an additional 152,700 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Select Comfort Corporation by 91.1% in the 1st quarter. First Trust Advisors LP now owns 37,311 shares of the company’s stock valued at $925,000 after buying an additional 17,786 shares during the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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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