Equities research analysts at Longbow Research initiated coverage on shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) in a research note issued to investors on Thursday, ARN reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on MFRM. Analysts at Zacks downgraded shares of Mattress Firm Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 10th. They now have a $29.30 price target on the stock. Separately, analysts at Wedbush cut their price target on shares of Mattress Firm Holding Corp. from $45.00 to $40.00 in a research note to investors on Monday, September 9th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG cut their EPS estimates on shares of Mattress Firm Holding Corp. in a research note on Monday. They now have a $40.00 price target on the stock. They previously had a $44.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Mattress Firm Holding Corp. presently has a consensus rating of “Hold” and an average target price of $41.81.
Shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) opened at 35.01 on Thursday. Mattress Firm Holding Corp. has a one year low of $22.62 and a one year high of $46.85. The stock’s 50-day moving average is $32.31 and its 200-day moving average is $37.47. The company has a market cap of $1.186 billion and a P/E ratio of 25.72.
Mattress Firm Holding Corp. (NASDAQ:MFRM) last announced its earnings results on Friday, September 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.08. The company had revenue of $302.50 million for the quarter, compared to the consensus estimate of $322.64 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, analysts predict that Mattress Firm Holding Corp. will post $1.78 earnings per share for the current fiscal year.
In other Mattress Firm Holding Corp. news, EVP Kenneth E. Murphy III unloaded 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $35.00, for a total transaction of $122,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Mattress Firm Holding Corp. (NASDAQ:MFRM) is a specialty retailer of mattresses and related products and accessories in the United States.
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