Today: The Brokerages Set Select Comfort Corp. (SCSS) PT at $25.83

The Brokerages Set Select Comfort Corp. (SCSS) PT at $25.83

Shares of Select Comfort Corp. (NASDAQ:SCSS) have been given a consensus recommendation of “Buy” by the ten analysts that are covering the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $25.83.

Several analysts recently weighed in on SCSS shares. SunTrust Banks Inc. restated a “neutral” rating on shares of Select Comfort Corp. in a report on Wednesday, August 10th. Wedbush lifted their price objective on Select Comfort Corp. from $21.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Piper Jaffray Cos. upgraded Select Comfort Corp. from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $23.00 to $31.00 in a report on Monday, August 15th. Zacks Investment Research upgraded Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Wednesday, September 21st. Finally, Bank of America Corp. downgraded 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.

Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 24.33 on Friday. The stock has a market cap of $1.09 billion, a P/E ratio of 60.98 and a beta of 0.73. Select Comfort Corp. has a one year low of $14.28 and a one year high of $28.34. The stock’s 50 day moving average is $20.83 and its 200-day moving average is $22.95.

Select Comfort Corp. (NASDAQ:SCSS) last issued its earnings results on Wednesday, October 19th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $368 million for the quarter, compared to analysts’ expectations of $391.02 million. Select Comfort Corp. had a net margin of 1.56% and a return on equity of 21.31%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.62 earnings per share. On average, equities analysts forecast that Select Comfort Corp. will post $1.18 EPS for the current year.

Several large investors have recently modified their holdings of SCSS. Oxford Asset Management raised its stake in shares of Select Comfort Corp. by 178.0% in the second quarter. Oxford Asset Management now owns 439,947 shares of the company’s stock worth $9,406,000 after buying an additional 281,718 shares during the last quarter. Airain ltd raised its stake in shares of Select Comfort Corp. by 259.5% in the second quarter. Airain ltd now owns 41,700 shares of the company’s stock worth $892,000 after buying an additional 30,101 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Select Comfort Corp. by 53.2% in the second quarter. GSA Capital Partners LLP now owns 67,057 shares of the company’s stock worth $1,434,000 after buying an additional 23,300 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Select Comfort Corp. by 7.0% in the second quarter. California Public Employees Retirement System now owns 161,200 shares of the company’s stock worth $3,446,000 after buying an additional 10,500 shares during the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Select Comfort Corp. during the second quarter worth $3,738,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

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