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Mattress Firm Holding Corp (NASDAQ:MFRM) shot up 11.4% during mid-day trading on Thursday after the company announced better than expected quarterly earnings, Analyst Ratings Net reports. The stock traded as high as $64.78 and last traded at $63.28, with a volume of 518,346 shares changing hands. The stock had previously closed at $56.81.

The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.01. The company had revenue of $410.00 million for the quarter. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis.

Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $58.40.

In other Mattress Firm Holding Corp news, COO Kenneth E. Murphy III sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $57.23, for a total value of $143,075.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 $2.158 billion and a P/E ratio of 40.04.

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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