Mattress Firm Holding Corp Given New $65.00 Price Target at Jefferies Group (MFRM)
Investment analysts at Jefferies Group increased their target price on shares of Mattress Firm Holding Corp (NASDAQ:MFRM) from $56.00 to $65.00 in a note issued to investors on Tuesday. Jefferies Group’s price target indicates a potential upside of 19.20% from the company’s current price.
Other equities research analysts have also recently issued reports about 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. One analyst has rated the stock with a hold rating and two have issued a buy rating to the company. Mattress Firm Holding Corp presently has an average rating of “Buy” and a consensus target price of $56.64.
In other Mattress Firm Holding Corp news, EVP Stephen G. Fendrich sold 2,500 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $46.49, for a total transaction of $116,225.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 3.65% on Tuesday, hitting $56.52. The stock had a trading volume of 219,939 shares. Mattress Firm Holding Corp has a one year low of $29.29 and a one year high of $56.65. The stock has a 50-day moving average of $47. and a 200-day moving average of $45.55. The company has a market cap of $1.928 billion and a P/E ratio of 38.43.
Mattress Firm Holding Corp (NASDAQ:MFRM) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, analysts predict that Mattress Firm Holding Corp will post $2.04 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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