Insider Buying: Alexander Weiss Purchases 5,326 Shares of Mattress Firm Holding Corp Stock (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM) SVP Alexander Weiss acquired 5,326 shares of the stock on the open market in a transaction dated Thursday, June 12th. The stock was purchased at an average cost of $46.70 per share, with a total value of $248,724.20. Following the completion of the acquisition, the senior vice president now directly owns 7,771 shares of the company’s stock, valued at approximately $362,906. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Mattress Firm Holding Corp in a research note on Monday. They now have a $50.00 price target on the stock, up previously from $48.00. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mattress Firm Holding Corp in a research note on Friday, June 6th. They now have a $53.00 price target on the stock, up previously from $52.00. Finally, analysts at Wedbush raised their price target on shares of Mattress Firm Holding Corp from $52.00 to $54.00 in a research note on Wednesday, June 4th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mattress Firm Holding Corp has a consensus rating of “Buy” and a consensus target price of $51.16.
Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 2.21% during mid-day trading on Monday, hitting $47.60. The stock had a trading volume of 197,509 shares. Mattress Firm Holding Corp has a one year low of $29.29 and a one year high of $49.81. The stock has a 50-day moving average of $45. and a 200-day moving average of $43.72. The company has a market cap of $1.624 billion and a price-to-earnings ratio of 32.82.
Mattress Firm Holding Corp (NASDAQ:MFRM) last announced its earnings results on Tuesday, June 3rd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, analysts predict that Mattress Firm Holding Corp will post $1.94 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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