Select Comfort Corporation (SCSS) Getting Somewhat Positive Media Coverage, Study Finds

Media coverage about Select Comfort Corporation (NASDAQ:SCSS) has been trending somewhat positive on Saturday, according to Accern Sentiment. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Select Comfort Corporation earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.2295445349649 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities analysts have weighed in on the stock. Bank of America Corporation upgraded shares of Select Comfort Corporation from an “underperform” rating to a “neutral” rating and raised their target price for the company from $21.50 to $35.00 in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of Select Comfort Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. KeyCorp restated a “hold” rating on shares of Select Comfort Corporation in a report on Friday, September 29th. Piper Jaffray Companies restated a “buy” rating and set a $38.00 target price on shares of Select Comfort Corporation in a report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $36.00 target price on shares of Select Comfort Corporation in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.67.

Shares of Select Comfort Corporation (NASDAQ:SCSS) traded down $1.37 during midday trading on Friday, hitting $31.03. 1,470,000 shares of the stock were exchanged, compared to its average volume of 1,100,000. Select Comfort Corporation has a 1-year low of $18.44 and a 1-year high of $36.74.

Select Comfort Corporation (NASDAQ:SCSS) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). Select Comfort Corporation had a return on equity of 51.12% and a net margin of 4.34%. The firm had revenue of $402.64 million for the quarter, compared to analysts’ expectations of $413.89 million. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year.

Select Comfort Corporation announced that its board has initiated a stock buyback program on Tuesday, October 17th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

In related news, SVP Joseph Hunter Saklad sold 5,100 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $33.24, for a total value of $169,524.00. Following the sale, the senior vice president now directly owns 39,550 shares of the company’s stock, valued at $1,314,642. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Patricia Ann Dirks sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $34.75, for a total transaction of $34,750.00. The disclosure for this sale can be found here. Insiders sold 25,100 shares of company stock worth $802,234 over the last three months. Corporate insiders own 4.00% of the company’s stock.

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Select Comfort Corporation Company Profile

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The Company offers consumers individualized sleep solutions and services, which include a complete line of Sleep Number beds, bases and bedding accessories. Its Sleep Number bed offers SleepIQ technology sensors that work directly with the bed’s DualAir technology to track each individual’s sleep.

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