Select Comfort Corp. (SCSS) is Upgraded by BofA/Merrill to Neutral

Select Comfort Corp. (SCSS) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 15, 2016.

On the company’s financial health, Select Comfort Corp. reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.20. The company had revenue of $352.98 million for the quarter, compared to analysts expectations of $341.64 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Select Comfort Corp. closed down -0.62 points or -2.66% at $22.71 with 8,09,403 shares getting traded on Wednesday. Post opening the session at $23.5, the shares hit an intraday low of $22.59 and an intraday high of $23.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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