Mattress Firm Holding Corp. (MFRM) Trading Down 1.4%
Mattress Firm Holding Corp. (NASDAQ:MFRM)’s share price was down 1.4% during trading on Tuesday . The stock traded as low as $29.87 and last traded at $29.97, with a volume of 124,599 shares trading hands. The stock had previously closed at $30.40.
Several equities analysts recently commented on MFRM shares. Nomura Holdings Inc. restated a “buy” rating and issued a $56.00 price target (down from $65.00) on shares of Mattress Firm Holding Corp. in a research note on Sunday, June 12th. Vetr downgraded shares of Mattress Firm Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $35.04 price objective on the stock. in a research note on Wednesday, June 15th. Raymond James Financial Inc. downgraded shares of Mattress Firm Holding Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, June 10th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $35.00 price objective on shares of Mattress Firm Holding Corp. in a research note on Wednesday, June 8th. Finally, Wedbush reiterated a “neutral” rating and set a $38.00 price objective on shares of Mattress Firm Holding Corp. in a research note on Friday, June 3rd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Mattress Firm Holding Corp. has an average rating of “Hold” and a consensus price target of $40.67.
The stock’s 50-day moving average price is $32.35 and its 200 day moving average price is $37.58. The firm’s market capitalization is $1.11 billion.
Mattress Firm Holding Corp. (NASDAQ:MFRM) last released its earnings results on Thursday, June 9th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.06. The firm earned $839.40 million during the quarter, compared to analysts’ expectations of $869.75 million. The company’s revenue was up 49.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. Equities research analysts expect that Mattress Firm Holding Corp. will post $2.24 earnings per share for the current year.
In other Mattress Firm Holding Corp. news, major shareholder North Latitude Master Fund 40 acquired 78,310 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were bought at an average cost of $30.64 per share, with a total value of $2,399,418.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman R. Stephen Stagner sold 15,000 shares of the stock in a transaction on Monday, June 27th. The shares were sold at an average price of $35.00, for a total value of $525,000.00. Following the sale, the chairman now directly owns 966,536 shares in the company, valued at $33,828,760. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. California State Teachers Retirement System boosted its stake in 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 period. Trexquant Investment LP purchased a new position in Mattress Firm Holding Corp. during the fourth quarter worth $2,999,000. Eagle Asset Management increased 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 in the last quarter. Dimensional Fund Advisors LP increased its position in 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 worth $2,015,000 after buying an additional 300 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased 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 in the last quarter.
Mattress Firm Holding Corp. is a holding company. The Company is a specialty retailer of mattresses and related products and accessories in the United States. It operates through two segments: retail operations and franchise operations. The retail operations segment includes Company-operated stores, e-commerce Website operations and multi-channel sales operations consisting of special events.
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