NEW YORK ( TheStreet) -- Select Comfort Corporation (Nasdaq: SCSS) hit a new 52-week high Thursday as it is currently trading at $30.78, above its previous 52-week high of $30.73 with 405,391 shares traded as of 12:55 p.m. ET. Average volume has been one million shares over the past 30 days.

Select Comfort has a market cap of $1.37 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 38.3% year to date as of the close of trading on Wednesday.

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 26.9, above the average consumer durables industry P/E ratio of 25.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Select Comfort as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. 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 Select Comfort Ratings Report.

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