Mattress Firm Holding Corp. (NASDAQ:MFRM) was the target of a large decline in short interest in September. As of September 15th, there was short interest totalling 1,957,303 shares, a decline of 26.6% from the August 31st total of 2,667,821 shares. Based on an average daily trading volume, of 553,774 shares, the days-to-cover ratio is presently 3.5 days. Currently, 6.0% of the company’s stock are short sold.

In other news, major shareholder North Latitude Master Fund 40 purchased 78,310 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was acquired at an average price of $30.64 per share, with a total value of $2,399,418.40. The purchase was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $63.85, for a total value of $1,088,578.65. Following the completion of the sale, the director now directly 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. 6.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted 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 last quarter. Tower Research Capital LLC TRC boosted 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 last quarter. SeaBridge Investment Advisors LLC boosted 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 last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted 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 last quarter. Finally, Condor Capital Management boosted 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 last quarter. 75.88% of the stock is owned by institutional investors and hedge funds.

Mattress Firm Holding Corp. (NASDAQ:MFRM) opened at 64.02 on Wednesday. The company has a 50 day moving average price of $55.06 and a 200-day moving average price of $41.78. Mattress Firm Holding Corp. has a 52 week low of $27.18 and a 52 week high of $64.27.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last released its quarterly earnings results on Friday, September 9th. The company reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.08. The firm had revenue of $980 million for the quarter. Mattress Firm Holding Corp. had a positive return on equity of 12.88% and a negative net margin of 2.68%. The company’s revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. On average, equities research analysts forecast that Mattress Firm Holding Corp. will post $2.09 EPS for the current fiscal year.

Several brokerages recently commented on MFRM. Raymond James Financial Inc. cut Mattress Firm Holding Corp. from a “market perform” rating to an “underperform” rating and set a $64.00 price target for the company. in a research note on Monday, August 22nd. Zacks Investment Research cut Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 13th. SunTrust Banks Inc. upped their target price on Mattress Firm Holding Corp. from $29.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, September 12th. Nomura set a $64.00 target price on Mattress Firm Holding Corp. and gave the stock a “buy” rating in a research report on Monday, September 12th. Finally, Citigroup Inc. upped their target price on Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Mattress Firm Holding Corp. presently has an average rating of “Hold” and a consensus target price of $53.10.

About Mattress Firm Holding Corp.

Mattress Firm Holding Corp. is a holding company. The Company is a specialty retailer of mattresses and related products and accessories in the United States. It operates through two segments: retail operations and franchise operations. The retail operations segment includes Company-operated stores, e-commerce Website operations and multi-channel sales operations consisting of special events.

5 Day Chart for NASDAQ:MFRM

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