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 the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $46.49, for a total transaction of $116,225.00. Following the transaction, the executive vice president now directly owns 203,735 shares of the company’s stock, valued at approximately $9,471,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mattress Firm Holding Corp in a research note on Wednesday, July 9th. They now have a $57.00 price target on the stock, up previously from $53.00. Separately, 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mattress Firm Holding Corp presently has a consensus rating of “Buy” and an average price target of $52.68.
Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) traded down 0.36% on Tuesday, hitting $46.60. 92,781 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 $47.26 and a 200-day moving average of $45.3. The company has a market cap of $1.590 billion and a price-to-earnings ratio of 32.96.
Mattress Firm Holding Corp (NASDAQ:MFRM) last released its 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 $1.95 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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