Trade Report: Today, Select Comfort Corp. (SCSS) Given Average Rating of “Buy” by Analysts

Today, Select Comfort Corp. (SCSS) Given Average Rating of “Buy” by Analysts

Select Comfort Corp. (NASDAQ:SCSS) has earned an average recommendation of “Buy” from the ten ratings firms that are covering the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $25.83.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Select Comfort Corp. from a “hold” rating to a “sell” rating in a report on Saturday, October 22nd. SunTrust Banks Inc. restated a “neutral” rating on shares of Select Comfort Corp. in a report on Wednesday, August 10th. Bank of America Corp. lowered shares of Select Comfort Corp. from a “neutral” rating to an “underperform” rating and set a $16.00 price objective for the company. in a report on Thursday, October 20th. Wedbush restated an “outperform” rating and issued a $25.00 price objective on shares of Select Comfort Corp. in a report on Tuesday, November 8th. Finally, TheStreet upgraded shares of Select Comfort Corp. from a “hold” rating to a “buy” rating in a report on Wednesday, October 19th.

Shares of Select Comfort Corp. (NASDAQ:SCSS) traded up 0.91% during mid-day trading on Friday, reaching $24.34. The company’s stock had a trading volume of 115,852 shares. The company has a 50-day moving average of $20.75 and a 200-day moving average of $22.95. The company has a market cap of $1.09 billion, a P/E ratio of 61.00 and a beta of 0.73. 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 earnings results on Wednesday, October 19th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The firm had revenue of $368 million for the quarter, compared to analysts’ expectations of $391.02 million. Select Comfort Corp. had a return on equity of 21.31% and a net margin of 1.56%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. Equities research analysts forecast that Select Comfort Corp. will post $1.18 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Vulcan Value Partners LLC purchased a new stake in shares of Select Comfort Corp. during the second quarter valued at $88,019,000. BlackRock Fund Advisors increased its stake in shares of Select Comfort Corp. by 6.5% in the third quarter. BlackRock Fund Advisors now owns 3,179,106 shares of the company’s stock valued at $68,669,000 after buying an additional 194,344 shares during the period. Alliancebernstein L.P. increased its stake in shares of Select Comfort Corp. by 15.4% in the second quarter. Alliancebernstein L.P. now owns 2,984,022 shares of the company’s stock valued at $63,798,000 after buying an additional 397,774 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Select Comfort Corp. by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,809,877 shares of the company’s stock valued at $38,695,000 after buying an additional 55,228 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Select Comfort Corp. by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,228,586 shares of the company’s stock valued at $26,537,000 after buying an additional 4,497 shares during the period. 99.15% of the stock is owned by institutional investors.

Related posts

Leave a Comment