Shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) were down 1.2% on Wednesday . The company traded as low as $31.62 and last traded at $32.09, with a volume of 203,944 shares changing hands. The stock had previously closed at $32.48.

A number of analysts have recently weighed in on MFRM shares. Nomura Holdings Inc. reiterated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of Mattress Firm Holding Corp. in a research report on Sunday, June 12th. Vetr downgraded Mattress Firm Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $35.04 target price for the company. in a research report on Wednesday, June 15th. Raymond James Financial Inc. downgraded Mattress Firm Holding Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, June 10th. Citigroup Inc. dropped their price objective on Mattress Firm Holding Corp. from $40.00 to $30.00 and set a “neutral” rating for the company in a research report on Monday, June 13th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $35.00 price objective on shares of Mattress Firm Holding Corp. in a research report on Wednesday, June 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Mattress Firm Holding Corp. presently has an average rating of “Hold” and an average target price of $40.67.

The stock’s market capitalization is $1.19 billion. The company’s 50-day moving average is $32.91 and its 200-day moving average is $38.84.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last released its earnings results on Thursday, June 9th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.06. The firm earned $839.40 million during the quarter, compared to the consensus estimate of $869.75 million. During the same period in the previous year, the business posted $0.33 earnings per share. The company’s revenue was up 49.2% compared to the same quarter last year. Analysts anticipate that Mattress Firm Holding Corp. will post $2.24 EPS for the current fiscal year.

In other Mattress Firm Holding Corp. news, major shareholder North Latitude Master Fund 40 purchased 48,700 shares of the stock in a transaction on Monday, June 27th. The stock was acquired at an average price of $32.40 per share, with a total value of $1,577,880.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Berkshire Partners Holdings Ll purchased 115,000 shares of the stock in a transaction on Tuesday, April 26th. The shares were acquired at an average cost of $41.32 per share, with a total value of $4,751,800.00. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in MFRM. Eagle Asset Management raised its position in Mattress Firm Holding Corp. by 182.8% in the third quarter. Eagle Asset Management now owns 215,124 shares of the company’s stock worth $8,982,000 after buying an additional 139,044 shares during the last quarter. Trexquant Investment LP acquired a new position in Mattress Firm Holding Corp. during the fourth quarter worth approximately $2,999,000. Oxford Asset Management acquired a new position in Mattress Firm Holding Corp. during the fourth quarter worth approximately $2,813,000. Engineers Gate Manager LP acquired a new position in Mattress Firm Holding Corp. during the fourth quarter worth approximately $1,506,000. Finally, State of New Jersey Common Pension Fund D raised its position in Mattress Firm Holding Corp. by 38.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 55,500 shares of the company’s stock worth $2,477,000 after buying an additional 15,500 shares during the last quarter.

Mattress Firm Holding Corp. is a holding company. The Company, through its direct and indirect subsidiaries, is a retailer of mattresses and bedding-related products in various metropolitan markets in the United States through company-operated and franchise-owned mattress specialty stores that operate primarily under the name Mattress Firm.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.