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Mattress Firm Holding Corp (NASDAQ:MFRM) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $58.70 price objective on the stock. Zacks‘s price objective indicates a potential upside of 3.60% from the stock’s previous close.

Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 1.13% during mid-day trading on Wednesday, hitting $57.30. The stock had a trading volume of 197,173 shares. Mattress Firm Holding Corp has a one year low of $29.29 and a one year high of $56.95. The stock has a 50-day moving average of $47.7 and a 200-day moving average of $45.66. The company has a market cap of $1.955 billion and a price-to-earnings ratio of 39.93.

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 $2.10 earnings per share for the current fiscal year.

In other Mattress Firm Holding Corp news, COO Kenneth E. Murphy III sold 2,500 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were sold at an average price of $54.03, for a total transaction of $135,075.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of other firms have also recently commented on MFRM. 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mattress Firm Holding Corp presently has an average rating of “Buy” and an average target price of $58.15.

Mattress Firm Holding Corp. (NASDAQ:MFRM), is a specialty retailer of mattresses and related products and accessories in the United States.

To view Zacks’ full report, visit Zacks’ official website.

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