Mattress Firm Holding Corp Receives “Buy” Rating from Citigroup Inc. (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM)‘s stock had its “buy” rating reiterated by analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday. They currently have a $63.00 price target on the stock, up from their previous price target of $57.00. Citigroup Inc.’s price target points to a potential upside of 15.53% from the company’s current price.
Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 4.25% on Tuesday, hitting $56.85. 292,450 shares of the company’s stock traded hands. Mattress Firm Holding Corp has a 1-year low of $29.29 and a 1-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 $1.940 billion and a P/E ratio of 38.43.
Mattress Firm Holding Corp (NASDAQ:MFRM) last announced its earnings results 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.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Mattress Firm Holding Corp from $50.00 to $57.50 in a research note on Tuesday. Separately, analysts at Wedbush raised their price target on shares of Mattress Firm Holding Corp from $54.00 to $62.00 in a research note on Tuesday. Finally, analysts at Jefferies Group raised their price target on shares of Mattress Firm Holding Corp from $56.00 to $65.00 in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $57.50.
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 that occurred on Friday, August 1st. The stock was sold at an average price of $46.49, for a total transaction of $116,225.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Mattress Firm Holding Corp. (NASDAQ:MFRM), is a specialty retailer of mattresses and related products and accessories in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.