Brokerages Set Select Comfort Corp. (NASDAQ:SCSS) Target Price at $28.20
Select Comfort Corp. (NASDAQ:SCSS) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock. Six investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.20.
A number of equities analysts recently weighed in on the stock. SunTrust Banks Inc. reiterated a “neutral” rating on shares of Select Comfort Corp. in a research report on Wednesday, August 10th. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $23.00 price objective 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 $26.00 target price on the stock in a research report on Tuesday, July 19th. Wedbush boosted their target price on shares of Select Comfort Corp. from $21.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Finally, TheStreet lowered shares of Select Comfort Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th.
Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 25.16 on Thursday. The stock has a 50 day moving average of $25.83 and a 200-day moving average of $22.56. The firm has a market capitalization of $1.16 billion, a PE ratio of 49.53 and a beta of 1.33. Select Comfort Corp. has a 12 month low of $14.28 and a 12 month high of $28.34.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Select Comfort Corp. had a net margin of 2.06% and a return on equity of 21.79%. The firm had revenue of $277 million for the quarter, compared to analyst estimates of $285.22 million. During the same period last year, the firm posted $0.21 EPS. Select Comfort Corp.’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts anticipate that Select Comfort Corp. will post $1.24 EPS for the current fiscal year.
In other news, EVP Andrew P. Carlin sold 3,200 shares of Select Comfort Corp. stock in a transaction on Monday, August 15th. The stock was 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 owns 24,910 shares of the company’s stock, valued at approximately $697,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in Select Comfort Corp. during the second quarter valued at about $265,000. Americafirst Capital Management LLC purchased a new position in Select Comfort Corp. during the second quarter valued at about $658,000. Nisa Investment Advisors LLC increased its position 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 during the period. Capstone Asset Management Co. increased its position in Select Comfort Corp. by 0.3% in the second quarter. Capstone Asset Management Co. now owns 14,563 shares of the company’s stock valued at $311,000 after buying an additional 40 shares during the period. Finally, Balter Liquid Alternatives LLC increased its position in Select Comfort Corp. by 109.9% in the first quarter. Balter Liquid Alternatives LLC now owns 124,930 shares of the company’s stock valued at $2,422,000 after buying an additional 65,411 shares during the period. 98.79% of the stock is owned by institutional investors and hedge funds.
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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