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Analysts at Wedbush increased their price target on shares of Mattress Firm Holding Corp (NASDAQ:MFRM) from $52.00 to $54.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Wedbush’s price target suggests a potential upside of 18.71% from the company’s current price.

A number of other firms have also recently commented on MFRM. Analysts at Longbow Research raised their price target on shares of Mattress Firm Holding Corp to $57.00 in a research note on Wednesday. Finally, analysts at KeyCorp downgraded shares of Mattress Firm Holding Corp from a “buy” rating to a “hold” rating in a research note on Monday, April 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $49.94.

In other Mattress Firm Holding Corp news, Insider Stephen G. Fendrich sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $45.06, for a total value of $112,650.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 0.71% during mid-day trading on Wednesday, hitting $45.815. 231,516 shares of the company’s stock traded hands. Mattress Firm Holding Corp has a 1-year low of $29.29 and a 1-year high of $49.81. The stock’s 50-day moving average is $45.29 and its 200-day moving average is $43.25. The company has a market cap of $1.558 billion and a P/E ratio of 29.35.

Mattress Firm Holding Corp (NASDAQ:MFRM) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.02. The company had revenue of $333.50 million for the quarter, compared to the consensus estimate of $337.55 million. During the same quarter last year, the company posted $0.38 earnings per share. Mattress Firm Holding Corp’s revenue was up 20.8% compared to the same quarter last year. On average, analysts predict that Mattress Firm Holding Corp will post $1.99 earnings per share for the current fiscal year.

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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