Select Comfort Reaches New 52-Week High (SCSS)

NEW YORK ( TheStreet) -- Select Comfort Corporation (Nasdaq: SCSS) hit a new 52-week high Friday as it is currently trading at $34.35, above its previous 52-week high of $34.19 with 325,594 shares traded as of 1:45 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Select Comfort has a market cap of $1.91 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 54.2% year to date as of the close of trading on Thursday.

Select Comfort Corporation, together with its subsidiaries, engages in the design, manufacture, marketing, distribution, and retail of adjustable-firmness mattresses and other sleep-related products primarily in the United States and Canada. The company has a P/E ratio of 30.5, below the average consumer durables industry P/E ratio of 31.6 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, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. 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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