Select Comfort Corp. Can’t Be More Risky. Option Traders Sell It

 Select Comfort Corp. Can't Be More Risky. Option Traders Sell It

In today’s session Select Comfort Corp. (SCSS) recorded an unusually high (250) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious SCSS decrease. With 250 contracts traded and 2814 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: SCSS161021P00023000 closed last at: $2.05 or 46.4% up. About 816,928 shares traded hands or 48.71% up from the average. Select Comfort Corp. (NASDAQ:SCSS) has risen 15.11% since March 1, 2016 and is uptrending. It has outperformed by 5.87% the S&P500.

Analysts await Select Comfort Corp. (NASDAQ:SCSS) to report earnings on November, 2. They expect $0.57 EPS, down 8.06% or $0.05 from last year’s $0.62 per share. SCSS’s profit will be $24.93 million for 9.21 P/E if the $0.57 EPS becomes a reality. After $0.03 actual EPS reported by Select Comfort Corp. for the previous quarter, Wall Street now forecasts 1,800.00% EPS growth.

Select Comfort Corp. (NASDAQ:SCSS) Ratings Coverage

Out of 6 analysts covering Select Comfort (NASDAQ:SCSS), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. $35 is the highest target while $20 is the lowest. The $27.40 average target is 30.54% above today’s ($20.99) stock price. Select Comfort has been the topic of 12 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Bank of America given on Friday, July 15. On Thursday, November 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was upgraded by Piper Jaffray to “Overweight” on Monday, August 15. The stock of Select Comfort Corp. (NASDAQ:SCSS) earned “Outperform” rating by Wedbush on Friday, January 29. The company was maintained on Thursday, August 11 by Wedbush. On Wednesday, October 21 the stock rating was maintained by Piper Jaffray with “Overweight”. The firm has “Outperform” rating by Wedbush given on Friday, February 12. The stock of Select Comfort Corp. (NASDAQ:SCSS) earned “Neutral” rating by Piper Jaffray on Tuesday, December 22. On Tuesday, March 15 the stock rating was initiated by Longbow with “Neutral”. The rating was initiated by UBS with “Sell” on Thursday, September 29.

Insitutional Activity: The institutional sentiment increased to 0.6 in 2016 Q2. Its up 0.03, from 0.57 in 2016Q1. The ratio increased, as 25 funds sold all Select Comfort Corp. shares owned while 71 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 47.01 million shares or 3.16% less from 48.54 million shares in 2016Q1.
Stifel holds 0% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS) for 17,441 shares. Americafirst Cap Mngmt Ltd Liability Com owns 30,798 shares or 0% of their US portfolio. Barclays Public Limited Company last reported 0% of its portfolio in the stock. The Illinois-based Guggenheim Cap Ltd Liability has invested 0% in Select Comfort Corp. (NASDAQ:SCSS). Tiaa Cref Invest Mngmt Ltd Liability Co accumulated 0% or 210,866 shares. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.01% or 9,600 shares. Creative Planning holds 1,151 shares or 0% of its portfolio. Prudential Financial accumulated 115,623 shares or 0% of the stock. Envestnet Asset Management Inc holds 0% or 2,796 shares in its portfolio. California State Teachers Retirement System reported 97,149 shares or 0% of all its holdings. Price T Rowe Associates Md holds 0% or 31,280 shares in its portfolio. The Ohio-based Strs Ohio has invested 0% in Select Comfort Corp. (NASDAQ:SCSS). Deere And Co has 20,324 shares for 0.02% of their US portfolio. Swiss Retail Bank has invested 0% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). Cim Invest Mangement holds 0.14% or 15,971 shares in its portfolio.

Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 1 sale for $89,607 net activity. On Monday, August 15 the insider CARLIN ANDREW P sold $89,607.

Select Comfort Corporation is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. The company has a market cap of $918.16 million. 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. It has a 42.65 P/E ratio. The Firm also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products.

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