Mattress Firm Holding Corp. (NASDAQ:MFRM) shares saw strong trading volume on Wednesday . 447,862 shares were traded during mid-day trading, an increase of 129% from the previous session’s volume of 195,889 shares.The stock last traded at $29.68 and had previously closed at $29.77.

Several equities research analysts have recently issued reports on the stock. Vetr upgraded shares of Mattress Firm Holding Corp. from a “hold” rating to a “buy” rating and set a $35.04 price objective on the stock in a research note on Monday, June 27th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $35.00 price target on shares of Mattress Firm Holding Corp. in a research note on Wednesday, June 8th. Nomura reiterated a “buy” rating and set a $56.00 price target (down previously from $65.00) on shares of Mattress Firm Holding Corp. in a research note on Sunday, June 12th. TheStreet downgraded shares of Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Finally, Citigroup Inc. decreased their price target on shares of Mattress Firm Holding Corp. from $40.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, June 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $40.67.

The stock’s 50-day moving average price is $32.23 and its 200-day moving average price is $37.52. The firm’s market capitalization is $1.11 billion.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last posted its quarterly 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 company earned $839.40 million during the quarter, compared to analyst estimates of $869.75 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 49.2% compared to the same quarter last year. Equities analysts predict that Mattress Firm Holding Corp. will post $2.24 EPS for the current fiscal year.

In other news, major shareholder North Latitude Master Fund 40 acquired 48,700 shares of the stock in a transaction on Monday, June 27th. The shares were purchased at an average price of $32.40 per share, for a total transaction of $1,577,880.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman R. Stephen Stagner sold 15,000 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the transaction, the chairman now owns 966,536 shares in the company, valued at approximately $33,828,760. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its position 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 last quarter. Dimensional Fund Advisors LP boosted 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 valued at $2,015,000 after buying an additional 300 shares during the last quarter. State of New Jersey Common Pension Fund D boosted 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 valued at $2,477,000 after buying an additional 15,500 shares during the last quarter. Trexquant Investment LP purchased a new position in Mattress Firm Holding Corp. during the fourth quarter valued at $2,999,000. Finally, Eagle Asset Management boosted 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 valued at $8,982,000 after buying an additional 139,044 shares during 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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