Today: Today: Mattress Firm Holding Corp. (MFRM) Receives $52.78 Average PT from Analysts

Today: Mattress Firm Holding Corp. (MFRM) Receives $52.78 Average PT from Analysts

Mattress Firm Holding Corp. (NASDAQ:MFRM) has received an average rating of “Hold” from the thirteen analysts that are presently covering the stock. Four analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $52.78.

A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Mattress Firm Holding Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. SunTrust Banks Inc. lifted their price objective on shares of Mattress Firm Holding Corp. from $29.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, September 12th. Vetr upgraded shares of Mattress Firm Holding Corp. from a “hold” rating to a “buy” rating and set a $35.04 price target for the company in a report on Monday, June 27th. Citigroup Inc. boosted their price target on shares of Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 16th. Finally, Wedbush boosted their price target on shares of Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, August 8th.

In other news, insider R. Stephen Stagner sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $63.89, for a total transaction of $958,350.00. Following the completion of the sale, the insider now owns 934,146 shares in the company, valued at approximately $59,682,587.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederick C. Tinsey III sold 17,049 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $63.85, for a total transaction of $1,088,578.65. Following the sale, the director now owns 17,646 shares of the company’s stock, valued at approximately $1,126,697.10. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in MFRM. Legal & General Group Plc increased its stake in Mattress Firm Holding Corp. by 3.0% in the second quarter. Legal & General Group Plc now owns 4,571 shares of the company’s stock valued at $154,000 after buying an additional 134 shares during the period. Tower Research Capital LLC TRC increased its stake in Mattress Firm Holding Corp. by 800.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock valued at $182,000 after buying an additional 4,803 shares during the period. SeaBridge Investment Advisors LLC increased its stake in Mattress Firm Holding Corp. by 99.9% in the second quarter. SeaBridge Investment Advisors LLC now owns 5,478 shares of the company’s stock valued at $184,000 after buying an additional 2,738 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Mattress Firm Holding Corp. by 81.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,333 shares of the company’s stock valued at $212,000 after buying an additional 2,834 shares during the period. Finally, Condor Capital Management increased its stake in Mattress Firm Holding Corp. by 1.2% in the second quarter. Condor Capital Management now owns 12,415 shares of the company’s stock valued at $417,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 75.88% of the company’s stock.

Shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) opened at 64.02 on Friday. The stock has a 50 day moving average of $55.06 and a 200-day moving average of $41.78. Mattress Firm Holding Corp. has a 1-year low of $27.18 and a 1-year high of $64.27.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last announced its quarterly earnings data on Friday, September 9th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by $0.08. The business earned $980 million during the quarter. Mattress Firm Holding Corp. had a negative net margin of 2.68% and a positive return on equity of 12.88%. The business’s quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. Equities research analysts expect that Mattress Firm Holding Corp. will post $2.09 earnings per share for the current fiscal year.

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