Mattress Firm Holding Corp. (NASDAQ:MFRM) has received an average rating of “Hold” from the twelve ratings firms that are presently covering the company. Four equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.78.

A number of brokerages recently commented on MFRM. Wedbush raised their price target on Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Citigroup Inc. raised their price target on Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 16th. Zacks Investment Research lowered Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. SunTrust Banks Inc. raised their price target on Mattress Firm Holding Corp. from $29.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, September 12th. Finally, Nomura raised their price target on Mattress Firm Holding Corp. from $56.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th.

In related news, insider R. Stephen Stagner sold 15,000 shares of Mattress Firm Holding Corp. stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $63.89, for a total value of $958,350.00. Following the completion of the sale, the insider now directly owns 934,146 shares in the company, valued at approximately $59,682,587.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Manor Road Capital Partners LLC acquired a new stake in Mattress Firm Holding Corp. during the second quarter valued at approximately $17,614,000. MIG Capital LLC increased its stake in Mattress Firm Holding Corp. by 43.7% in the first quarter. MIG Capital LLC now owns 717,000 shares of the company’s stock valued at $30,394,000 after buying an additional 218,000 shares during the last quarter. QVT Financial LP acquired a new stake in Mattress Firm Holding Corp. during the second quarter valued at approximately $4,386,000. Coatue Management LLC increased its stake in Mattress Firm Holding Corp. by 11.9% in the second quarter. Coatue Management LLC now owns 464,694 shares of the company’s stock valued at $15,590,000 after buying an additional 49,340 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Mattress Firm Holding Corp. by 168.7% in the second quarter. Jane Street Group LLC now owns 14,162 shares of the company’s stock valued at $475,000 after buying an additional 34,762 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last issued its earnings results on Friday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $0.08. Mattress Firm Holding Corp. had a positive return on equity of 12.88% and a negative net margin of 2.68%. The firm earned $980 million during the quarter. During the same quarter last year, the company earned $0.67 EPS. The business’s revenue was up 48.2% on a year-over-year basis.

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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