Shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $52.78.

MFRM has been the subject of a number of recent research reports. Raymond James Financial Inc. lowered shares of Mattress Firm Holding Corp. from a “market perform” rating to an “underperform” rating and set a $64.00 price objective for the company. in a research note on Monday, August 22nd. Zacks Investment Research lowered shares of Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Nomura set a $64.00 price target on shares of Mattress Firm Holding Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Vetr lowered shares of Mattress Firm Holding Corp. from a “buy” rating to a “hold” rating and set a $35.04 price target for the company. in a research report on Tuesday, June 21st. Finally, Wedbush boosted their price target on shares of Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, August 8th.

Shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) remained flat at $64.02 on Friday. Mattress Firm Holding Corp. has a 52 week low of $27.18 and a 52 week high of $64.27. The stock has a 50-day moving average price of $58.01 and a 200 day moving average price of $42.23.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last released 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. Mattress Firm Holding Corp. had a negative net margin of 2.68% and a positive return on equity of 12.88%. The business earned $980 million during the quarter. During the same period last year, the company earned $0.67 EPS. The company’s quarterly revenue was up 48.2% compared to the same quarter last year. On average, equities analysts predict that Mattress Firm Holding Corp. will post $2.09 earnings per share for the current fiscal year.

In other Mattress Firm Holding Corp. news, Director Frederick C. Tinsey III sold 17,049 shares of the business’s stock in a transaction 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 $1,126,697.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R. Stephen Stagner sold 30,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $63.70, for a total transaction of $1,911,000.00. Following the completion of the sale, the insider now directly owns 960,823 shares of the company’s stock, valued at $61,204,425.10. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. 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 in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 position in shares of 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 position in shares of 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 position in shares of 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. 75.88% of the stock is owned by institutional investors and hedge funds.

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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