Price Action Report: What Next for Select Comfort Corp. Stock After Today’s Big Increase?

Price Action Report: What Next for Select Comfort Corp. Stock After Today's Big Increase?

The stock of Select Comfort Corp. (NASDAQ:SCSS) is a huge mover today! About 281,653 shares traded hands. 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.
The move comes after 7 months positive chart setup for the $931.82M company. It was reported on Oct, 4 by We have $27.92 PT which if reached, will make NASDAQ:SCSS worth $298.18M more.

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 $25.11 million for 9.28 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. On Friday, July 15 the stock rating was upgraded by Bank of America to “Neutral”. As per Tuesday, December 22, the company rating was downgraded by Piper Jaffray. The firm has “Overweight” rating given on Wednesday, October 21 by Piper Jaffray. The stock of Select Comfort Corp. (NASDAQ:SCSS) earned “Neutral” rating by Longbow on Tuesday, March 15. The stock of Select Comfort Corp. (NASDAQ:SCSS) has “Buy” rating given on Thursday, November 5 by Stifel Nicolaus. The stock has “Overweight” rating given by Piper Jaffray on Monday, August 15. Wedbush maintained the stock with “Outperform” rating in Friday, February 12 report. The company was maintained on Thursday, August 11 by Wedbush. The company was upgraded on Friday, January 29 by Wedbush. 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 0.6 in 2016 Q2. 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.
Alliancebernstein Limited Partnership has invested 0.05% of its portfolio in Select Comfort Corp. (NASDAQ:SCSS). Teachers Retirement Of The State Of Kentucky accumulated 19,500 shares or 0.01% of the stock. Citigroup last reported 0% of its portfolio in the stock. Blackrock Advsr Ltd Co has 22,667 shares for 0% of their US portfolio. Pacad Investment Limited last reported 11,700 shares in the company. Pub Sector Pension Invest Board owns 32,975 shares or 0.01% of their US portfolio. State Of Tennessee Treasury Department reported 38,812 shares or 0% of all its holdings. Stevens Mngmt Lp holds 22,455 shares or 0.02% of its portfolio. Pinebridge Invs Ltd Partnership has 5,952 shares for 0.01% of their US portfolio. The Montana-based Da Davidson & has invested 0% in Select Comfort Corp. (NASDAQ:SCSS). National Bank Of Montreal Can accumulated 115,778 shares or 0% of the stock. Swiss Bank & Trust has 81,400 shares for 0% of their US portfolio. Moreover, Aqr Management has 0% invested in Select Comfort Corp. (NASDAQ:SCSS) for 17,396 shares. Arrowpoint Asset Mngmt Ltd Limited Liability Company reported 445,878 shares or 0.19% of all its holdings. Moreover, Blackrock Fund Advsr has 0.01% invested in Select Comfort Corp. (NASDAQ:SCSS) for 2.98 million shares.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 1 sale for $89,607 net activity. CARLIN ANDREW P sold 3,200 shares worth $89,607.

More notable recent Select Comfort Corp. (NASDAQ:SCSS) news were published by: which released: “Shares of Select Comfort Corp. Get Annihilated After Posting Deep Loss and …” on February 12, 2016, also with their article: “Why Select Comfort Corporation Stock Bounced Today” published on April 29, 2016, published: “Why Select Comfort Corporation Stock Dropped 15% Last Month” on March 09, 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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