Brokerages Set Select Comfort Corp. (SCSS) PT at $25.83
Select Comfort Corp. (NASDAQ:SCSS) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $25.83.
A number of equities analysts have commented on the stock. SunTrust Banks Inc. reissued a “neutral” rating on shares of Select Comfort Corp. in a research note on Wednesday, August 10th. Wedbush reissued an “outperform” rating and issued a $25.00 price target on shares of Select Comfort Corp. in a research note on Tuesday, November 8th. TheStreet raised shares of Select Comfort Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 19th. Piper Jaffray Cos. raised shares of Select Comfort Corp. from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $31.00 in a research note on Monday, August 15th. Finally, Zacks Investment Research cut shares of Select Comfort Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, October 22nd.
Select Comfort Corp. (NASDAQ:SCSS) opened at 24.33 on Friday. Select Comfort Corp. has a 52 week low of $14.28 and a 52 week high of $28.34. The company’s 50-day moving average is $20.83 and its 200-day moving average is $22.95. The company has a market cap of $1.09 billion, a P/E ratio of 60.98 and a beta of 0.73.
Select Comfort Corp. (NASDAQ:SCSS) last released its quarterly earnings results on Wednesday, October 19th. The company reported $0.56 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. Select Comfort Corp. had a return on equity of 21.31% and a net margin of 1.56%. The company earned $368 million during the quarter, compared to analysts’ expectations of $391.02 million. During the same period in the prior year, the firm earned $0.62 EPS. Select Comfort Corp.’s quarterly revenue was down 1.6% on a year-over-year basis. On average, analysts anticipate that Select Comfort Corp. will post $1.18 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. US Bancorp DE raised 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 worth $100,000 after buying an additional 3,107 shares in the last quarter. Teacher Retirement System of Texas raised 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 worth $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 worth approximately $157,000. Nisa Investment Advisors LLC raised 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 worth $191,000 after buying an additional 150 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in Select Comfort Corp. during the second quarter worth approximately $195,000. Institutional investors own 99.15% of the company’s stock.
Select Comfort Corp. Company Profile
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.
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