Share on StockTwits

Analysts at Longbow Research increased their target price on shares of Mattress Firm Holding Corp (NASDAQ:MFRM) to $57.00 in a research report issued to clients and investors on Wednesday. Longbow Research’s price objective points to a potential upside of 25.30% from the company’s current price.

Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 0.87% on Wednesday, hitting $45.885. 263,135 shares of the company’s stock traded hands. Mattress Firm Holding Corp has a 52 week low of $29.29 and a 52 week 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 $1.561 billion and a P/E ratio of 29.35.

Mattress Firm Holding Corp (NASDAQ:MFRM) last announced its earnings results 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.

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

MFRM has been the subject of a number of other recent research reports. 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. Separately, analysts at Zacks upgraded shares of Mattress Firm Holding Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $49.40 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Mattress Firm Holding Corp in a research note on Wednesday, March 19th. They set a “buy” rating and a $56.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Mattress Firm Holding Corp has a consensus rating of “Buy” and a consensus price target of $49.94.

Mattress Firm Holding Corp. (NASDAQ:MFRM), is a specialty retailer of mattresses and related products and accessories in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.