Mattress Firm Holding Corp’s “Buy” Rating Reaffirmed at Nomura (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM)‘s stock had its “buy” rating reiterated by stock analysts at Nomura in a report issued on Tuesday. They currently have a $60.00 target price on the stock, up from their previous target price of $56.00. Nomura’s price objective would indicate a potential upside of 10.03% from the stock’s previous close.
Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 3.64% on Tuesday, hitting $56.515. 369,401 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’s 50-day moving average is $47. and its 200-day moving average is $45.55. The company has a market cap of $1.928 billion and a price-to-earnings ratio of 38.43.
Mattress Firm Holding Corp (NASDAQ:MFRM) last posted its quarterly 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. Analysts expect that Mattress Firm Holding Corp will post $2.04 EPS for the current fiscal year.
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 value of $116,225.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of other firms have also recently commented on MFRM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mattress Firm Holding Corp in a research note on Tuesday. They now have a $63.00 price target on the stock, up previously from $57.00. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Mattress Firm Holding Corp currently has a consensus rating of “Buy” and an average price target of $58.07.
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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