Select Comfort Corp. (NASDAQ:SCSS) updated its FY16 earnings guidance on Thursday. The company provided EPS guidance of $1.15-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19.
Several equities analysts recently issued reports on the company. SunTrust Banks Inc. reissued a neutral rating on shares of Select Comfort Corp. in a research note on Wednesday, August 10th. Zacks Investment Research raised Select Comfort Corp. from a hold rating to a buy rating and set a $26.00 target price on the stock in a research note on Tuesday, July 19th. Wedbush reaffirmed an outperform rating and issued a $21.00 price target on shares of Select Comfort Corp. in a research report on Monday, July 18th. TheStreet raised Select Comfort Corp. from a hold rating to a buy rating in a research report on Wednesday, October 19th. Finally, Piper Jaffray Cos. raised Select Comfort Corp. from a neutral rating to an overweight rating and increased their price target for the company from $23.00 to $31.00 in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $26.14.
Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 21.45 on Monday. Select Comfort Corp. has a 12 month low of $14.28 and a 12 month high of $28.34. The stock’s 50 day moving average price is $20.79 and its 200 day moving average price is $22.97. The firm has a market cap of $963.98 million, a price-to-earnings ratio of 53.76 and a beta of 0.73.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly 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. Select Comfort Corp. had a net margin of 1.56% and a return on equity of 21.31%. The firm had revenue of $368 million for the quarter, compared to analysts’ expectations of $391.02 million. During the same period last year, the firm posted $0.62 EPS. Select Comfort Corp.’s revenue was down 1.6% on a year-over-year basis. Equities research analysts predict that Select Comfort Corp. will post $1.18 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. BlackRock Group LTD increased its stake in Select Comfort Corp. by 5.4% in the second quarter. BlackRock Group LTD now owns 68,843 shares of the company’s stock worth $1,472,000 after buying an additional 3,554 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 last quarter. Cipher Capital LP increased its stake in shares of Select Comfort Corp. by 209.1% in the second quarter. Cipher Capital LP now owns 95,754 shares of the company’s stock valued at $2,048,000 after buying an additional 64,778 shares during the last quarter. Deere & Co. bought a new stake in shares of Select Comfort Corp. during the second quarter valued at $435,000. Finally, Pacad Investment Ltd. bought a new stake in shares of Select Comfort Corp. during the second quarter valued at $250,000.
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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