Select Comfort Corporation (NASDAQ:SCSS) – Analysts at KeyCorp reduced their Q3 2017 earnings per share estimates for shares of Select Comfort Corporation in a report released on Wednesday. KeyCorp analyst B. Thomas now anticipates that the company will earn $0.63 per share for the quarter, down from their previous estimate of $0.65. KeyCorp also issued estimates for Select Comfort Corporation’s FY2017 earnings at $1.47 EPS and FY2018 earnings at $1.74 EPS.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Select Comfort Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Saturday, April 22nd. Raymond James Financial, Inc. cut shares of Select Comfort Corporation from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, April 11th. Citigroup Inc. cut shares of Select Comfort Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 11th. Wedbush reaffirmed a “neutral” rating and set a $25.00 price target on shares of Select Comfort Corporation in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $32.00 price target (up from $27.00) on shares of Select Comfort Corporation in a research note on Saturday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Select Comfort Corporation presently has an average rating of “Hold” and a consensus price target of $30.50.

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Shares of Select Comfort Corporation (NASDAQ SCSS) opened at 30.56 on Monday. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $25.81. Select Comfort Corporation has a 52 week low of $17.95 and a 52 week high of $36.74. The firm has a market capitalization of $1.27 billion, a P/E ratio of 22.18 and a beta of 0.69.

Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Wednesday, April 19th. The company reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.10. Select Comfort Corporation had a return on equity of 39.03% and a net margin of 4.65%. The firm had revenue of $393.90 million during the quarter, compared to the consensus estimate of $370.03 million. During the same period last year, the business posted $0.27 EPS. The business’s revenue was up 11.6% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Select Comfort Corporation during the fourth quarter valued at $3,308,000. Comerica Bank boosted its stake in shares of Select Comfort Corporation by 3.5% in the fourth quarter. Comerica Bank now owns 47,930 shares of the company’s stock valued at $1,006,000 after buying an additional 1,604 shares in the last quarter. State Street Corp boosted its stake in shares of Select Comfort Corporation by 3.5% in the fourth quarter. State Street Corp now owns 1,000,190 shares of the company’s stock valued at $22,625,000 after buying an additional 33,963 shares in the last quarter. Two Sigma Investments LP acquired a new stake in shares of Select Comfort Corporation during the fourth quarter valued at about $362,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Select Comfort Corporation by 11.4% in the fourth quarter. Guggenheim Capital LLC now owns 66,374 shares of the company’s stock valued at $1,501,000 after buying an additional 6,784 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

In related news, SVP Joseph Hunter Saklad sold 8,850 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $30.69, for a total value of $271,606.50. Following the completion of the sale, the senior vice president now owns 39,675 shares of the company’s stock, valued at $1,217,625.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark A. Kimball sold 36,000 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $31.70, for a total transaction of $1,141,200.00. Following the completion of the sale, the senior vice president now directly owns 81,686 shares of the company’s stock, valued at approximately $2,589,446.20. The disclosure for this sale can be found here. Insiders have sold 181,076 shares of company stock valued at $5,690,607 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

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.

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

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