Mattress Firm Holding Corp Insider James R. Black Sells 1,000 Shares (MFRM)
Mattress Firm Holding Corp (NASDAQ:MFRM) Insider James R. Black sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $57.49, for a total transaction of $57,490.00. Following the completion of the transaction, the insider now directly owns 436,699 shares in the company, valued at approximately $25,105,826. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
MFRM has been the subject of a number of recent research reports. 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 $65.00 price target on the stock, up previously from $63.00. Separately, analysts at Zacks upgraded shares of Mattress Firm Holding Corp from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $58.70 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Mattress Firm Holding Corp in a research note on Tuesday, August 12th. They now have a $60.00 price target on the stock, up previously from $56.00. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Mattress Firm Holding Corp presently has an average rating of “Buy” and a consensus price target of $58.40.
Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) traded up 10.35% on Thursday, hitting $62.69. The stock had a trading volume of 930,748 shares. Mattress Firm Holding Corp has a 52 week low of $29.29 and a 52 week high of $57.99. The stock’s 50-day moving average is $51.76 and its 200-day moving average is $47.39. The company has a market cap of $2.139 billion and a P/E ratio of 40.04.
Mattress Firm Holding Corp (NASDAQ:MFRM) last posted its earnings results on Thursday, September 4th. The company reported $0.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.01. The company had revenue of $410.00 million for the quarter, compared to the consensus estimate of $410.00 million. During the same quarter last year, the company posted $0.43 earnings per share. Mattress Firm Holding Corp’s revenue was up 35.5% compared to the same quarter last year. On average, analysts predict that Mattress Firm Holding Corp will post $2.10 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.