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Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) shot up 4.2% during mid-day trading on Tuesday after Raymond James raised their price target on the stock from $50.00 to $57.50, Stock Ratings News reports. The company traded as high as $56.95 and last traded at $56.81, with a volume of 304,265 shares changing hands. The stock had previously closed at $54.53.

Several other analysts have also recently commented on the stock. 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. Separately, 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. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.07.

In other Mattress Firm Holding Corp news, EVP Stephen G. Fendrich unloaded 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 value of $116,225.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 announced its 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. 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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