Mattress Firm Holding Corp Receives Average Recommendation of “Buy” from Analysts (NASDAQ:MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM) has been given a consensus rating of “Buy” by the eight brokerages that are covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $58.07.
In other Mattress Firm Holding Corp news, COO Kenneth E. Murphy III sold 2,500 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $54.03, for a total transaction of $135,075.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Mattress Firm Holding Corp in a research note on Tuesday. They now have a $60.00 price target on the stock, up previously from $56.00. Separately, 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. Finally, 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. They now have an “outperform” rating on the stock.
Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 0.76% on Wednesday, hitting $57.09. 57,785 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 $56.95. The stock’s 50-day moving average is $47.7 and its 200-day moving average is $45.66. The company has a market cap of $1.948 billion and a price-to-earnings ratio of 39.93.
Mattress Firm Holding Corp (NASDAQ:MFRM) last released its earnings data on Tuesday, June 3rd. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Mattress Firm Holding Corp’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Mattress Firm Holding Corp will post $2.10 EPS 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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