Zacks Downgrades Mattress Firm Holding Corp. to Underperform (MFRM)
Mattress Firm Holding Corp. (NASDAQ:MFRM) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, American Banking & Market News reports. They currently have a $29.30 price target on the stock. Zacks‘ price objective points to a potential downside of 16.79% from the company’s current price.
A number of other firms have also recently commented on MFRM. Analysts at Wedbush cut their price target on shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) from $45.00 to $40.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) 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. Finally, analysts at Stifel Nicolaus downgraded shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 24th. They now have a $43.00 price target on the stock. They noted that the move was a valuation call.
One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Mattress Firm Holding Corp. has an average rating of “Hold” and a consensus target price of $41.81.
Mattress Firm Holding Corp. (NASDAQ:MFRM) traded down 3.55% during mid-day trading on Tuesday, hitting $33.96. 498,623 shares of the company’s stock traded hands. Mattress Firm Holding Corp. has a 1-year low of $22.62 and a 1-year high of $46.85. The stock’s 50-day moving average is $40.87 and its 200-day moving average is $37.33. The company has a market cap of $1.150 billion and a P/E ratio of 25.87.
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. Analysts expect that Mattress Firm Holding Corp. will post $1.92 EPS for the current fiscal year.
In other Mattress Firm Holding Corp. news, EVP Karrie Forbes sold 3,922 shares of Mattress Firm Holding Corp. stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $41.58, for a total value of $163,076.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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