UPDATE: Barclays Starts Select Comfort (SCSS) at Overweight; Power Nap: To Sleep on Someone Weaker Than You
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Price: $32.50 --0%
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
Rating Summary:
3 Buy, 7 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 12 | New: 26
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(Updated - August 14, 2012 2:24 PM EDT)
Barclays initiates coverage on Select Comfort (NASDAQ: SCSS) with an Overweight. PT $38.00.
Analyst, Jessica Schoen, sees Select Comfort's new management team, led by CEO Shelly Ibach, implementing changes that will drive revenues to over $1.5 billion by 2015 (from $734M in 2011). The company has begun shifting away from wholesale model to owned retail channel and focusing on a wider demographic.
Schoen also said, "We also expect operating margins to expand to over 15% (from 12% in 2011), implying annual EPS growth rate of 25%+. We view these targets as achievable, given the company's effective strategy to drive the top line, its favorable business model, insulation from competition due to its exclusive distribution, and favorable industry dynamics."
Barclays initiates above-consensus EPS estimates from 2012/13 at $1.48/$1.85. (Consensus is $1.46/$1.82)
For an analyst ratings summary and ratings history on Select Comfort click here. For more ratings news on Select Comfort click here.
Shares of Select Comfort closed at $27.43 yesterday.
Barclays initiates coverage on Select Comfort (NASDAQ: SCSS) with an Overweight. PT $38.00.
Analyst, Jessica Schoen, sees Select Comfort's new management team, led by CEO Shelly Ibach, implementing changes that will drive revenues to over $1.5 billion by 2015 (from $734M in 2011). The company has begun shifting away from wholesale model to owned retail channel and focusing on a wider demographic.
Schoen also said, "We also expect operating margins to expand to over 15% (from 12% in 2011), implying annual EPS growth rate of 25%+. We view these targets as achievable, given the company's effective strategy to drive the top line, its favorable business model, insulation from competition due to its exclusive distribution, and favorable industry dynamics."
Barclays initiates above-consensus EPS estimates from 2012/13 at $1.48/$1.85. (Consensus is $1.46/$1.82)
For an analyst ratings summary and ratings history on Select Comfort click here. For more ratings news on Select Comfort click here.
Shares of Select Comfort closed at $27.43 yesterday.
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