Select Comfort Corporation (NASDAQ:SCSS)‘s stock had its “buy” rating reaffirmed by equities research analysts at Piper Jaffray Companies in a report released on Friday. They currently have a $38.00 price target on the stock. Piper Jaffray Companies’ target price points to a potential upside of 29.56% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Bank of America Corporation raised shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $21.50 to $35.00 in a report on Wednesday, July 19th. Wedbush restated a “neutral” rating and issued a $25.00 price target on shares of Select Comfort Corporation in a research report on Thursday, June 1st. Stifel Nicolaus restated a “buy” rating and issued a $36.00 price target (up previously from $32.00) on shares of Select Comfort Corporation in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, UBS AG restated a “sell” rating and issued a $17.00 price target (up previously from $16.00) on shares of Select Comfort Corporation in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.33.

Shares of Select Comfort Corporation (SCSS) remained flat at $29.33 during trading on Friday. 490,611 shares of the company were exchanged. The firm has a 50-day moving average price of $31.66 and a 200 day moving average price of $29.31. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. 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 (NASDAQ:SCSS) last posted its earnings results 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. Select Comfort Corporation had a return on equity of 44.91% and a net margin of 4.46%. The business had revenue of $284.70 million for the quarter, compared to the consensus estimate of $300.21 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Select Comfort Corporation will post $1.38 EPS for the current fiscal year.

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In other Select Comfort Corporation news, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $32.65, for a total transaction of $604,025.00. Following the transaction, the director now owns 41,790 shares in the company, valued at $1,364,443.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $34.06, for a total transaction of $272,480.00. Following the transaction, the senior vice president now owns 72,186 shares in the company, valued at approximately $2,458,655.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,600 shares of company stock worth $1,286,029. Corporate insiders own 4.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. acquired a new position in Select Comfort Corporation during the first quarter worth $107,000. Riverhead Capital Management LLC raised its holdings in Select Comfort Corporation by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 3,865 shares of the company’s stock worth $137,000 after buying an additional 1,665 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Select Comfort Corporation by 395.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock worth $139,000 after buying an additional 3,124 shares during the last quarter. Flinton Capital Management LLC raised its holdings in Select Comfort Corporation by 75.6% during the second quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock worth $150,000 after buying an additional 1,820 shares during the last quarter. Finally, First Quadrant L P CA acquired a new position in Select Comfort Corporation during the second quarter worth $205,000. Hedge funds and other institutional investors 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)

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