Select Comfort Corp. (NASDAQ:SCSS) is scheduled to post its Q316 quarterly earnings results on Wednesday, October 19th. Analysts expect Select Comfort Corp. to post earnings of $0.57 per share for the quarter. Select Comfort Corp. has set its FY16 guidance at $1.25-1.45 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Select Comfort Corp. (NASDAQ:SCSS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. Select Comfort Corp. had a net margin of 2.06% and a return on equity of 21.79%. The company earned $277 million during the quarter, compared to the consensus estimate of $285.22 million. During the same quarter last year, the company earned $0.21 earnings per share. Select Comfort Corp.’s revenue for the quarter was up .6% on a year-over-year basis. On average, analysts expect Select Comfort Corp. to post $1.24 EPS for the current fiscal year and $1.69 EPS for the next fiscal year.
Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 21.00 on Tuesday. Select Comfort Corp. has a 12 month low of $14.28 and a 12 month high of $28.34. The firm has a market cap of $964.51 million, a P/E ratio of 41.34 and a beta of 1.33. The firm has a 50-day moving average of $23.88 and a 200 day moving average of $23.04.
In related news, EVP Andrew P. Carlin sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was 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 owns 24,910 shares of the company’s stock, valued at approximately $697,480. The sale was disclosed in a document filed with the SEC, which is available at this link. 3.70% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. boosted 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. Parametric Portfolio Associates LLC raised its stake in Select Comfort Corp. by 4.6% in the second quarter. Parametric Portfolio Associates LLC now owns 241,381 shares of the company’s stock valued at $5,161,000 after buying an additional 10,577 shares during the period. A.R.T. Advisors LLC bought a new stake in Select Comfort Corp. during the second quarter valued at $3,026,000. Cipher Capital LP raised its stake in 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 period. Finally, BlackRock Group LTD raised 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 valued at $1,472,000 after buying an additional 3,554 shares during the period.
A number of brokerages recently weighed in on SCSS. Piper Jaffray Cos. reissued a “neutral” rating and issued a $23.00 price target on shares of Select Comfort Corp. in a research note on Friday, July 15th. TheStreet cut Select Comfort Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Zacks Investment Research raised Select Comfort Corp. from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, September 21st. Wedbush reaffirmed an “outperform” rating and set a $21.00 target price on shares of Select Comfort Corp. in a research note on Monday, July 18th. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating on shares of Select Comfort Corp. in a research note on Wednesday, August 10th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Select Comfort Corp. currently has a consensus rating of “Buy” and an average price target of $28.17.
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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