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Select Comfort Corporation (SCSS) provides sleep solutions and services in the United States.
The company manufactures, markets, and retails beds and bedding products, such as mattresses, pillows, sheets, adjustable bases, and other bedding products. It offers its products under the Sleep Number brand name.
The company sells its products through retail, direct marketing, and e-commerce channels. As of December 28, 2013, it operated 440 retail stores in the United States.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
The firm said it had profit of 35 cents per share. Earnings, adjusted for non-recurring gains, were 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of analysts surveyed was for earnings of 23 cents per share. The company posted revenue of $322.2 million in the period, also topping Street forecasts. Analysts expected $283.9 million.
For the year, the company reported profit of $68 million, or $1.25 per share. Revenue was reported as $1.16 billion.
52-Week Trading Range: $16.51 - $32.65
Entry Point: $31.75
Stop Loss: $30.10
Target Price: $34.90
SCSS closed at $33.40 after its 30 days expired. We do believe shares of SCSS are still heading higher, if you elect to stay in the position raise your stop loss to $32.50 to protect your gains.
