Select Comfort Corp. (SCSS) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 27

Select Comfort Corp. (SCSS) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 27 from a previous price target of $21 . Wedbush advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Select Comfort Corp.. Select Comfort Corp. was Upgraded by BofA/Merrill to ” Neutral” on Jul 15, 2016.

On the company’s financial health, Select Comfort Corp. reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.02. The company had revenue of $277.00 million for the quarter, compared to analysts expectations of $283.51 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Select Comfort Corp. opened for trading at $26.74 and hit $27.22 on the upside on Monday, eventually ending the session at $25.7, with a gain of 2.84% or 0.71 points. The heightened volatility saw the trading volume jump to 16,97,276 shares. Company has a market cap of $1,180 M.

In a different news, on May 26, 2016, Brenda J Lauderback (director) sold 416 shares at $22.50 per share price. According to the SEC, on Feb 18, 2016, David R Callen (CFO) purchased 2,000 shares at $15.44 per share price. On Nov 24, 2015, Andrew P Carlin (SVP, Chief Sales Officer) sold 9,625 shares at $23.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Company offers Sleep Number beds in a range of sizes including twin full queen eastern king California king and the FlexTop mattress. It offers Sleep Number beds in four series which includes Classic Series Performance Series Innovation Series and Memory Foam Series. The company’s Sleep Number bedding collection includes Create Your Perfect PillowSM and AirFit pillow which adjust to an individual’s size shape and sleeping position.

Select Comfort Corp.

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