Stock of The Day: Could Select Comfort Corp. See a Reversal After This Very Weak Session?

Stock of The Day: Could Select Comfort Corp. See a Reversal After This Very Weak Session?

The stock of Select Comfort Corp. (NASDAQ:SCSS) is a huge mover today! The stock decreased 2.92% or $0.65 during the last trading session, hitting $21.6. About 1.10M shares traded hands or 124.70% up from the average. Select Comfort Corp. (NASDAQ:SCSS) has risen 20.67% since February 29, 2016 and is uptrending. It has outperformed by 10.25% the S&P500.
The move comes after 6 months negative chart setup for the $967.29 million company. It was reported on Oct, 1 by We have $19.87 PT which if reached, will make NASDAQ:SCSS worth $77.38M less.

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 $25.53M for 9.47 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. Select Comfort has been the topic of 12 analyst reports since October 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Longbow on Tuesday, March 15. The stock of Select Comfort Corp. (NASDAQ:SCSS) has “Overweight” rating given on Wednesday, October 21 by Piper Jaffray. Stifel Nicolaus maintained Select Comfort Corp. (NASDAQ:SCSS) rating on Thursday, November 5. Stifel Nicolaus has “Buy” rating and $33 price target. The stock has “Outperform” rating given by Wedbush on Friday, February 12. The firm has “Overweight” rating given on Monday, August 15 by Piper Jaffray. The firm earned “Neutral” rating on Friday, July 15 by Bank of America. The firm has “Outperform” rating given on Thursday, August 11 by Wedbush. UBS initiated Select Comfort Corp. (NASDAQ:SCSS) on Thursday, September 29 with “Sell” rating. The firm earned “Outperform” rating on Friday, January 29 by Wedbush. Piper Jaffray downgraded it to “Neutral” rating and $22 target price in Tuesday, December 22 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 0.6 in Q2 2016. Its up 0.03, from 0.57 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.
Creative Planning accumulated 1,151 shares or 0% of the stock. New Amsterdam Partners Lc Ny accumulated 0.44% or 85,147 shares. Paradigm Asset Management Ltd Llc holds 0% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS) for 4,250 shares. Principal Financial Gru Inc has invested 0.01% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). The New York-based Art Limited Liability Company has invested 0.15% in Select Comfort Corp. (NASDAQ:SCSS). D E Shaw & Inc holds 621,113 shares or 0.02% of its portfolio. Royal National Bank Of Canada last reported 0% of its portfolio in the stock. Comerica Natl Bank has 46,714 shares for 0.01% of their US portfolio. Raymond James Associate accumulated 0% or 16,350 shares. Arizona State Retirement System accumulated 0.01% or 24,279 shares. Louisiana State Employees Retirement Systems owns 20,700 shares or 0.02% of their US portfolio. Bridgeway Mgmt last reported 0.01% of its portfolio in the stock. Vanguard Gru accumulated 0% or 3.64M shares. Davidson Inv Advsr reported 480 shares or 0% of all its holdings. Penn, a Pennsylvania-based fund reported 1.03M shares.

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

More notable recent Select Comfort Corp. (NASDAQ:SCSS) news were published by: which released: “Why Select Comfort Corporation Stock Bounced Today” on April 29, 2016, also with their article: “Why Select Comfort Corporation Stock Dropped 15% Last Month” published on March 09, 2016, published: “Shares of Select Comfort Corp. Get Annihilated After Posting Deep Loss and …” on February 12, 2016. More interesting news about Select Comfort Corp. (NASDAQ:SCSS) were released by: and their article: “Can Select Comfort Stock Wake Up After Last Week’s 24% Drop?” published on February 16, 2016 as well as‘s news article titled: “Select Comfort Corp Q2 Income Falls 87%” with publication date: July 20, 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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