Select Comfort Corporation (NASDAQ:SCSS) – Investment analysts at SunTrust Banks dropped their Q3 2017 earnings estimates for shares of Select Comfort Corporation in a report released on Monday. SunTrust Banks analyst K. Hughes now expects that the company will post earnings of $0.65 per share for the quarter, down from their previous forecast of $0.67. SunTrust Banks also issued estimates for Select Comfort Corporation’s FY2017 earnings at $1.36 EPS.

SCSS has been the subject of several other reports. BidaskClub upgraded shares of Select Comfort Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Piper Jaffray Companies restated a “buy” rating and issued a $38.00 price target on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. 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. UBS AG restated 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. Finally, Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $21.50 to $35.00 in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $31.86.

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Select Comfort Corporation (NASDAQ SCSS) opened at 32.34 on Wednesday. Select Comfort Corporation has a 12 month low of $17.95 and a 12 month high of $36.74. The firm’s 50-day moving average price is $30.12 and its 200-day moving average price is $30.12. The stock has a market cap of $1.33 billion, a P/E ratio of 23.61 and a beta of 0.65.

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

In other Select Comfort Corporation 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 transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda J. Lauderback sold 18,500 shares of Select Comfort Corporation 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 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 sold a total of 47,600 shares of company stock worth $1,542,589 in the last three months. Insiders own 4.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Riverhead Capital Management LLC lifted its position in shares of Select Comfort Corporation by 75.7% during the 2nd 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 period. PNC Financial Services Group Inc. boosted its stake in Select Comfort Corporation by 395.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,913 shares of the company’s stock valued at $139,000 after buying an additional 3,124 shares in the last quarter. Flinton Capital Management LLC boosted its stake in Select Comfort Corporation by 75.6% in the 2nd quarter. Flinton Capital Management LLC now owns 4,228 shares of the company’s stock valued at $150,000 after buying an additional 1,820 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Select Comfort Corporation in the 1st quarter valued at $107,000. Finally, First Quadrant L P CA acquired a new stake in Select Comfort Corporation in the 2nd quarter valued at $205,000. 99.76% of the stock is 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.

Earnings History and Estimates for Select Comfort Corporation (NASDAQ:SCSS)

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