Mattress Firm Holding Corp. (NASDAQ:MFRM) fell 3% during mid-day trading on Wednesday . The stock traded as low as $32.20 and last traded at $32.58, with a volume of 103,275 shares trading hands. The stock had previously closed at $33.58.

Several brokerages recently issued reports on MFRM. Wedbush reiterated a “neutral” rating and issued a $38.00 price target on shares of Mattress Firm Holding Corp. in a research note on Friday, June 3rd. Citigroup Inc. upped their target price on Mattress Firm Holding Corp. from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 23rd. Raymond James Financial Inc. cut Mattress Firm Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, June 10th. TheStreet cut Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Finally, Nomura Holdings Inc. restated a “buy” rating and set a $56.00 target price (down from $65.00) on shares of Mattress Firm Holding Corp. in a research note on Sunday, June 12th. Three 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’s stock. The company currently has an average rating of “Hold” and an average target price of $40.67.

The company’s market capitalization is $1.20 billion. The stock has a 50-day moving average of $33.00 and a 200 day moving average of $38.47.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last released its quarterly earnings data 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. During the same period last year, the company earned $0.33 EPS. The company had revenue of $839.40 million for the quarter, compared to analyst estimates of $869.75 million. The company’s quarterly revenue was up 49.2% compared to the same quarter last year. Analysts predict that Mattress Firm Holding Corp. will post $2.24 EPS for the current fiscal year.

In other news, major shareholder Berkshire Partners Holdings Ll purchased 115,000 shares of the business’s stock in a transaction on Tuesday, April 26th. The stock was purchased at an average cost of $41.32 per share, with a total value of $4,751,800.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder North Latitude Master Fund 40 purchased 128,956 shares of the business’s stock in a transaction on Friday, June 17th. The stock was purchased at an average cost of $32.44 per share, with a total value of $4,183,332.64. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new position in shares of Mattress Firm Holding Corp. during the fourth quarter valued at approximately $1,506,000. California State Teachers Retirement System increased its position in shares of Mattress Firm Holding Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,973 shares of the company’s stock valued at $1,695,000 after buying an additional 634 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mattress Firm Holding Corp. by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,138 shares of the company’s stock valued at $2,015,000 after buying an additional 300 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of 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 valued at $2,477,000 after buying an additional 15,500 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in shares of Mattress Firm Holding Corp. during the fourth quarter valued at approximately $2,813,000.

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.

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