News articles about Select Comfort Corporation (NASDAQ:SCSS) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Select Comfort Corporation earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 48.7549589407817 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Select Comfort Corporation (NASDAQ:SCSS) traded down 2.09% during mid-day trading on Monday, reaching $33.30. The company had a trading volume of 1,449,822 shares. The firm has a market capitalization of $1.33 billion, a P/E ratio of 23.75 and a beta of 0.65. Select Comfort Corporation has a 12 month low of $18.44 and a 12 month high of $36.74. The stock’s 50-day moving average is $30.51 and its 200 day moving average is $30.74.

Select Comfort Corporation (NASDAQ:SCSS) last announced its earnings results on Tuesday, October 17th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). The company had revenue of $402.64 million for the quarter, compared to analyst estimates of $413.89 million. Select Comfort Corporation had a return on equity of 51.12% and a net margin of 4.34%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. On average, analysts predict that Select Comfort Corporation will post $1.37 earnings per share for the current fiscal year.

Select Comfort Corporation declared that its board has authorized a stock repurchase plan on Tuesday, October 17th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

SCSS has been the subject of a number of recent research reports. Bank of America Corporation upgraded Select Comfort Corporation from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $21.50 to $35.00 in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Select Comfort Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $38.00 price objective on shares of Select Comfort Corporation in a research report on Wednesday, July 19th. Stifel Nicolaus reiterated a “buy” rating and set a $36.00 price objective on shares of Select Comfort Corporation in a research report on Thursday, September 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Select Comfort Corporation in a research report on Friday, September 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $30.67.

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In related news, SVP Mark A. Kimball sold 8,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $32.07, for a total transaction of $256,560.00. Following the transaction, the senior vice president now directly owns 56,186 shares of the company’s stock, valued at $1,801,885.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Hunter Saklad sold 5,100 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $33.24, for a total value of $169,524.00. Following the transaction, the senior vice president now directly owns 39,550 shares in the company, valued at $1,314,642. The disclosure for this sale can be found here. Insiders have sold 29,100 shares of company stock worth $938,564 over the last three months. 4.00% of the stock is owned by insiders.

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.

Insider Buying and Selling by Quarter for Select Comfort Corporation (NASDAQ:SCSS)

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