Select Comfort Corp. (NASDAQ:SCSS) updated its FY16 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.15-1.25 for the period, compared to the Thomson Reuters consensus estimate of $1.23.
Several research firms have recently weighed in on SCSS. Piper Jaffray Cos. reissued a neutral rating and issued a $23.00 target price on shares of Select Comfort Corp. in a research report on Friday, July 15th. TheStreet downgraded shares of Select Comfort Corp. from a buy rating to a hold rating in a research report on Wednesday, July 20th. Zacks Investment Research raised shares of Select Comfort Corp. from a hold rating to a buy rating and set a $28.00 price objective for the company in a research report on Wednesday, September 21st. Wedbush reaffirmed an outperform rating and set a $21.00 price objective on shares of Select Comfort Corp. in a research report on Monday, July 18th. Finally, SunTrust Banks Inc. reaffirmed a neutral rating on shares of Select Comfort Corp. in a research report on Wednesday, August 10th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Select Comfort Corp. has an average rating of Buy and a consensus target price of $28.17.
Select Comfort Corp. (NASDAQ:SCSS) traded up 2.13% on Wednesday, reaching $21.58. 1,509,942 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $23.73 and a 200-day moving average of $23.05. Select Comfort Corp. has a 12 month low of $14.28 and a 12 month high of $28.34. The firm has a market capitalization of $991.15 million, a price-to-earnings ratio of 42.48 and a beta of 1.33.
Select Comfort Corp. (NASDAQ:SCSS) last posted its quarterly earnings data on Wednesday, October 19th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $368 million for the quarter, compared to the consensus estimate of $391.02 million. Select Comfort Corp. had a return on equity of 21.79% and a net margin of 2.06%. Select Comfort Corp.’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share. On average, equities analysts expect that Select Comfort Corp. will post $1.24 earnings per share for the current year.
In other Select Comfort Corp. news, EVP Andrew P. Carlin sold 3,200 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $28.00, for a total value of $89,600.00. Following the completion of the sale, the executive vice president now directly owns 24,910 shares of the company’s stock, valued at approximately $697,480. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in shares of Select Comfort Corp. during the second quarter worth about $246,000. Paloma Partners Management Co boosted its position in shares of Select Comfort Corp. by 167.3% in the second quarter. Paloma Partners Management Co now owns 31,686 shares of the company’s stock worth $678,000 after buying an additional 19,830 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Select Comfort Corp. during the second quarter worth about $3,026,000. Parametric Portfolio Associates LLC boosted its position in shares of Select Comfort Corp. by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 241,381 shares of the company’s stock worth $5,161,000 after buying an additional 10,577 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Select Comfort Corp. by 25.5% in the second quarter. Riverhead Capital Management LLC now owns 12,804 shares of the company’s stock worth $139,000 after buying an additional 2,604 shares in the last quarter.
About Select Comfort Corp.
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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