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Raymond James raised their price objective on shares of Mattress Firm Holding Corp (NASDAQ:MFRM) from $50.00 to $57.50 in a research note issued on Tuesday. Raymond James’ target price would suggest a potential upside of 5.45% from the company’s current price.

In other Mattress Firm Holding Corp news, EVP Stephen G. Fendrich sold 2,500 shares of the company’s stock on the open market in a transaction that occurred on 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 is available at this link.

Other equities research analysts have also recently issued reports about 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. 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 investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $56.64.

Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 3.61% on Tuesday, hitting $56.50. 219,839 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 $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 price-to-earnings 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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