Stock On Watch: What’s Ahead for Select Comfort Corp. After Today’s Big Increase?

Stock On Watch: What's Ahead for Select Comfort Corp. After Today's Big Increase?

The stock of Select Comfort Corp. (NASDAQ:SCSS) is a huge mover today! About 259,919 shares traded hands. Select Comfort Corp. (NASDAQ:SCSS) has risen 11.59% since April 28, 2016 and is uptrending. It has outperformed by 5.67% the S&P500.
The move comes after 6 months positive chart setup for the $1000.00 million company. It was reported on Dec, 1 by Barchart.com. We have $24.59 PT which if reached, will make NASDAQ:SCSS worth $80.00 million more.

Analysts await Select Comfort Corp. (NASDAQ:SCSS) to report earnings on February, 9. They expect $0.33 EPS, up 3,200.00% or $0.32 from last year’s $0.01 per share. SCSS’s profit will be $14.49M for 17.25 P/E if the $0.33 EPS becomes a reality. After $0.56 actual EPS reported by Select Comfort Corp. for the previous quarter, Wall Street now forecasts -41.07% negative EPS growth.

Select Comfort Corp. (NASDAQ:SCSS) Ratings Coverage

Out of 6 analysts covering Select Comfort (NASDAQ:SCSS), 3 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 50% are positive. Select Comfort has been the topic of 13 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating given on Thursday, October 20 by Bank of America. The rating was upgraded by Wedbush to “Outperform” on Friday, January 29. On Tuesday, March 15 the stock rating was initiated by Longbow with “Neutral”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, November 5. The firm has “Overweight” rating by Piper Jaffray given on Monday, August 15. Wedbush maintained Select Comfort Corp. (NASDAQ:SCSS) rating on Thursday, August 11. Wedbush has “Outperform” rating and $27 price target. On Friday, February 12 the stock rating was maintained by Wedbush with “Outperform”. The rating was downgraded by Piper Jaffray to “Neutral” on Tuesday, December 22. The firm earned “Overweight” rating on Wednesday, October 21 by Piper Jaffray. UBS initiated it with “Sell” rating and $20 target price in Thursday, September 29 report.

According to Zacks Investment Research, “SELECT COMFORT is engaged in the manufacture, specialty retailing and direct marketing of premium quality, innovative adjustable-firmness beds and other sleep-related products.”

Insitutional Activity: The institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.38, from 0.6 in 2016Q1. The ratio is positive, 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.
Principal Finance Group Incorporated last reported 0.01% of its portfolio in the stock. Princeton Alpha Mngmt L P has invested 0.04% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). Envestnet Asset Management Incorporated owns 2,796 shares or 0% of their US portfolio. Price T Rowe Associates Md holds 31,280 shares or 0% of its portfolio. Next Finance Gru accumulated 0% or 60 shares. Airain Ltd accumulated 41,700 shares or 0.05% of the stock. Arizona State Retirement, a Arizona-based fund reported 24,279 shares. The Texas-based Argentus Ltd Liability Company has invested 0.07% in Select Comfort Corp. (NASDAQ:SCSS). Schwab Charles Investment Mngmt reported 236,604 shares or 0.01% of all its holdings. Penn Capital Mngmt has invested 1.26% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). Exane Derivatives reported 1 shares or 0% of all its holdings. Jacobs Levy Equity has 0.02% invested in the company for 41,000 shares. The Minnesota-based Thrivent Fin For Lutherans has invested 0.01% in Select Comfort Corp. (NASDAQ:SCSS). Freestone Cap Hldgs Ltd Liability has invested 1.85% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). California Employees Retirement System accumulated 0.01% or 161,200 shares.

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

More notable recent Select Comfort Corp. (NASDAQ:SCSS) news were published by: Fool.com which released: “Why Select Comfort Corp’s Shares Plunged 11% in October” on November 08, 2016, also Fool.com with their article: “Why Select Comfort Corporation Stock Dropped 15% Last Month” published on March 09, 2016, Fool.com published: “Why Select Comfort Corporation Stock Bounced Today” on April 29, 2016. More interesting news about Select Comfort Corp. (NASDAQ:SCSS) were released by: Fool.com and their article: “Shares of Select Comfort Corp. Get Annihilated After Posting Deep Loss and …” published on February 12, 2016 as well as Nasdaq.com‘s news article titled: “Select Comfort Corp Q3 Profit Drops 19%” with publication date: October 19, 2016.

SCSS Company Profile

Select Comfort Corporation, incorporated on February 27, 1987, is a designer, manufacturer, marketer, retailer and servicer of a line of Sleep Number beds. 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. The Firm also offers a line of sleep products, including FlextFit adjustable base technology and Sleep Number pillows, sheets and other bedding products. The Firm offers Sleep Number beds in a range of sizes, including twin, full, queen, eastern king and California king. It offers Sleep Number beds in four series, which includes Classic Series, Performance Series, Innovation Series and Memory Foam Series. The Performance Series includes its mattresses with a balance of softness and pressure relieving support. The series includes the Sleep Number p5 and p6 beds. The Memory Foam Series is breathable and contouring. The series includes the Sleep Number m6 and m7 beds. The Innovation Series is focused on individualized comfort and temperature balancing. The series includes the Sleep Number i8 and i10 beds. The company’s Sleep Number x12 bed features the integration of multiple technology options, including its exclusive FlexFit three adjustable base, and its SleepIQ technology.

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