Select Comfort Corp. (NASDAQ:SCSS) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,580,733 shares, a growth of 32.6% from the October 14th total of 4,208,319 shares. Based on an average trading volume of 1,715,133 shares, the short-interest ratio is presently 3.3 days. Currently, 12.4% of the shares of the stock are sold short.

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Select Comfort Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $23.00 target price on shares of Select Comfort Corp. in a research report on Friday, July 15th. Zacks Investment Research upgraded shares of Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, September 21st. Wedbush reiterated an “outperform” rating and set a $27.00 target price (up previously from $25.00) on shares of Select Comfort Corp. in a research report on Thursday, October 20th. Finally, Bank of America Corp. cut shares of Select Comfort Corp. from a “neutral” rating to an “underperform” rating and set a $16.00 target price for the company. in a research report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Select Comfort Corp. has a consensus rating of “Buy” and a consensus target price of $26.14.

Select Comfort Corp. (NASDAQ:SCSS) opened at 21.56 on Friday. The stock has a 50 day moving average of $20.91 and a 200 day moving average of $22.97. The company has a market cap of $968.93 million, a price-to-earnings ratio of 54.04 and a beta of 0.73. Select Comfort Corp. has a 52 week low of $14.28 and a 52 week high of $28.34.

Select Comfort Corp. (NASDAQ:SCSS) last announced its earnings results on Wednesday, October 19th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The business earned $368 million during the quarter, compared to the consensus estimate of $391.02 million. Select Comfort Corp. had a net margin of 1.56% and a return on equity of 21.31%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. Equities research analysts predict that Select Comfort Corp. will post $1.18 earnings per share for the current fiscal year.

In other news, EVP Andrew P. Carlin sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $28.00, for a total transaction of $89,600.00. Following the completion of the transaction, the executive vice president now directly owns 24,910 shares of the company’s stock, valued at approximately $697,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Several large investors have recently made changes to their positions in SCSS. US Bancorp DE boosted its stake in Select Comfort Corp. by 204.3% in the third quarter. US Bancorp DE now owns 4,628 shares of the company’s stock valued at $100,000 after buying an additional 3,107 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Select Comfort Corp. by 25.5% in the second quarter. Riverhead Capital Management LLC now owns 12,804 shares of the company’s stock valued at $139,000 after buying an additional 2,604 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Select Comfort Corp. by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 7,097 shares of the company’s stock valued at $152,000 after buying an additional 855 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Select Comfort Corp. during the third quarter valued at $157,000. Finally, Nisa Investment Advisors LLC boosted its stake in Select Comfort Corp. by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,950 shares of the company’s stock valued at $191,000 after buying an additional 150 shares in the last quarter.

About Select Comfort Corp.

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company’s Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to monitor each individual’s sleep. The Company also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.

5 Day Chart for NASDAQ:SCSS

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