Select Comfort (SCSS) is Downgraded by Piper Jaffray to Neutral

Select Comfort (SCSS) is Downgraded by Piper Jaffray to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Overweight on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Select Comfort Corporation (NASDAQ:SCSS) ended Thursday session in red amid volatile trading. The shares closed down 0.43 points or 1.86% at $22.64 with 539,353 shares getting traded. Post opening the session at $23.23, the shares hit an intraday low of $22.63 and an intraday high of $23.23 and the price vacillated in this range throughout the day. The company has a market cap of $1,147 million and the number of outstanding shares has been calculated to be 50,646,000 shares. The 52-week high of Select Comfort Corporation (NASDAQ:SCSS) is $35.75 and the 52-week low is $20.47.

During the last several months other analysts have commented on the company rating. Stifel Nicolaus maintains their rating on the shares of Select Comfort Corporation (NASDAQ:SCSS). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $33 per share from $40 per share. The rating by the firm was issued on November 5, 2015.

As many as 7 brokerage firms have rated Select Comfort Corporation (NASDAQ:SCSS) at 2.29. Research Analysts at Zacks have ranked the company at 4, suggesting the traders with a rating of sell for the short term. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 3 stock Analysts. 3 analysts rated the company as a strong buy.

Select Comfort Corporation (NASDAQ:SCSS): The mean short term price target for Select Comfort Corporation (NASDAQ:SCSS) has been established at $27.67 per share. The higher price target estimate is at $35 and the lower price target estimate is expected at $23 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $5.13

Select Comfort Corporation has lost 2.96% in the last five trading days and dropped 2.03% in the last 4 weeks. Select Comfort Corporation has dropped 0.35% during the last 3-month period . Year-to-Date the stock performance stands at -16.24%.

Select Comfort Corporation (Select Comfort) is a bed manufacturer and retailer. The Company is a manufacturer, marketer, retailer and servicer of the Sleep Number bed, which allows individuals to adjust the firmness and support on each side at the touch of a button. The Company offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Sleep Number bed series are available through its United States Company-Controlled distribution channel. The Company’s SLEEP NUMBER Bedding Collection offers a line of products. In January 2013, the Company acquired Comfortaire Corp.