Insider Selling: Stephen G. Fendrich Sells 2,500 Shares of Mattress Firm Holding Corp Stock (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM) EVP Stephen G. Fendrich sold 2,500 shares of Mattress Firm Holding Corp stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $47.81, for a total value of $119,525.00. Following the sale, the executive vice president now directly owns 206,235 shares of the company’s stock, valued at approximately $9,860,095. 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) 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 posted its quarterly 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. Analysts expect that Mattress Firm Holding Corp will post $1.94 EPS for the current fiscal year.
A number of analysts have recently weighed in on MFRM shares. 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $51.16.
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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