NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $24.81, above its previous 52-week high of $24.50 with 60,578 shares traded as of 9:35 a.m. ET. Average volume has been one million shares over the past 30 days.
Select Comfort has a market cap of $1.3 billion and is part of the
industry. Shares are up 12.1% year to date as of the close of trading on Tuesday.
Select Comfort Corporation develops, manufactures, markets, distributes, and retails adjustable-firmness beds and other sleep-related accessory products in the United States, Canada, and Australia. The company offers its beds under the Sleep Number brand name. The company has a P/E ratio of 24.8, above the average consumer durables industry P/E ratio of 24.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Select Comfort as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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