Select Comfort Corporation (SCSS) Given a $38.00 Price Target by Piper Jaffray Companies Analysts
Select Comfort Corporation (NASDAQ:SCSS) received a $38.00 target price from analysts at Piper Jaffray Companies in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Piper Jaffray Companies’ price target suggests a potential upside of 24.88% from the stock’s previous close.
Several other equities research analysts also recently commented on the company. Bank of America Corporation raised 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. Stifel Nicolaus reissued a “buy” rating and issued a $36.00 target price on shares of Select Comfort Corporation in a report on Thursday, September 7th. Zacks Investment Research raised Select Comfort Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub downgraded Select Comfort Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, UBS AG reaffirmed a “sell” rating and set a $17.00 price target (up from $16.00) on shares of Select Comfort Corporation in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.00.
Shares of Select Comfort Corporation (SCSS) traded down 2.87% during trading on Wednesday, reaching $30.43. The company’s stock had a trading volume of 816,053 shares. Select Comfort Corporation has a one year low of $17.95 and a one year high of $36.74. The stock’s 50 day moving average is $30.21 and its 200 day moving average is $30.43. The firm has a market cap of $1.25 billion, a P/E ratio of 22.21 and a beta of 0.65.
Select Comfort Corporation (NASDAQ:SCSS) last released its earnings results on Monday, July 17th. The company reported ($0.02) 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 company had revenue of $284.70 million during the quarter, compared to the consensus estimate of $300.21 million. During the same period last year, the firm posted $0.03 earnings per share. The company’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts forecast that Select Comfort Corporation will post $1.39 EPS for the current fiscal year.
In other news, Director Brenda J. Lauderback sold 18,500 shares of the company’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $32.65, for a total transaction of $604,025.00. Following the transaction, the director now directly owns 41,790 shares of the company’s stock, valued at $1,364,443.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $34.06, for a total value of $272,480.00. Following the transaction, the senior vice president now directly owns 72,186 shares in the company, valued at $2,458,655.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,600 shares of company stock worth $1,542,589. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors have recently bought and sold shares of SCSS. First Trust Advisors LP increased its position in Select Comfort Corporation by 91.1% during the first quarter. First Trust Advisors LP now owns 37,311 shares of the company’s stock valued at $925,000 after acquiring an additional 17,786 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Select Comfort Corporation during the first quarter valued at $425,000. Karp Capital Management Corp purchased a new stake in Select Comfort Corporation during the first quarter valued at $249,000. Ameriprise Financial Inc. increased its position in Select Comfort Corporation by 18.9% during the first quarter. Ameriprise Financial Inc. now owns 445,910 shares of the company’s stock valued at $11,054,000 after acquiring an additional 70,825 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its position in Select Comfort Corporation by 7.4% during the first quarter. State of Tennessee Treasury Department now owns 40,054 shares of the company’s stock valued at $993,000 after acquiring an additional 2,750 shares during the last quarter.
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.
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