Insider Selling: James R. Black Unloads 3,355 Shares of Mattress Firm Holding Corp Stock (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM) CFO James R. Black sold 3,355 shares of Mattress Firm Holding Corp stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $47.42, for a total value of $159,094.10. Following the transaction, the chief financial officer now directly owns 471,608 shares of the company’s stock, valued at approximately $22,363,651. The sale was disclosed in a filing with the SEC, 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, June 16th. 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 given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.16.
Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 0.87% during mid-day trading on Thursday, hitting $47.58. 97,846 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 $50.34. The stock has a 50-day moving average of $46.23 and a 200-day moving average of $44.65. The company has a market cap of $1.623 billion and a price-to-earnings ratio of 33.24.
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. Analysts expect that Mattress Firm Holding Corp will post $1.94 EPS 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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