KeyCorp downgraded shares of Select Comfort Corp. (NASDAQ:SCSS) from a buy rating to a hold rating in a research note released on Thursday morning, TheFlyOnTheWall.com reports. They currently have $30.00 target price on the stock.
KeyCorp has also modified their ratings on a number of other consumer discretionary stocks in the few days. The firm raised its price target on shares of OfficeMax Inc. from $14.80 to $17.50. They have a buy rating on that stock. Also, KeyCorp raised its price target on shares of Office Depot Inc. from $5.50 to $6.50. Finally, KeyCorp initiated coverage on shares of L Brands Inc.. They issued a hold rating on that stock. They noted that the move was a valuation call.
Shares of Select Comfort Corp. (NASDAQ:SCSS) opened at 18.60 on Thursday. Select Comfort Corp. has a 52 week low of $16.62 and a 52 week high of $30.83. The stock has a 50-day moving average of $24.55 and a 200-day moving average of $22.92. The company has a market cap of $1.028 billion and a price-to-earnings ratio of 15.79.
Select Comfort Corp. (NASDAQ:SCSS) last announced its earnings results on Wednesday, October 16th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.43 by $0.07. The company had revenue of $264.00 million for the quarter, compared to the consensus estimate of $277.50 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis.
Separately, analysts at Longbow Research upgraded shares of Select Comfort Corp. from a neutral rating to a buy rating in a research note to investors on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Select Comfort Corp. has an average rating of Buy and a consensus target price of $24.57.
Select Comfort Corporation (NASDAQ:SCSS) is a bed manufacturer and retailer.
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