Investors Sell Mattress Firm Holding Corp. (MFRM) on Strength (MFRM)
Investors sold shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) on strength during trading on Wednesday. $2.99 million flowed into the stock on the tick-up and $36.62 million flowed out of the stock on the tick-down, for a money net flow of $33.63 million out of the stock. Of all companies tracked, Mattress Firm Holding Corp. had the 0th highest net out-flow for the day. Mattress Firm Holding Corp. traded up $0.06 for the day and closed at $63.95
Several equities research analysts recently weighed in on MFRM shares. Wedbush reaffirmed a “neutral” rating and set a $38.00 price target on shares of Mattress Firm Holding Corp. in a report on Friday, June 3rd. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $35.00 price target on shares of Mattress Firm Holding Corp. in a report on Wednesday, June 8th. Raymond James Financial Inc. downgraded Mattress Firm Holding Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, June 10th. Bank of America Corp. downgraded Mattress Firm Holding Corp. from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $42.00 to $28.00 in a report on Friday, June 10th. Finally, TheStreet downgraded Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a report on Thursday, June 9th. 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 stock. Mattress Firm Holding Corp. currently has a consensus rating of “Hold” and a consensus target price of $50.60.
The company’s market capitalization is $2.38 billion. The company has a 50 day moving average price of $47.10 and a 200-day moving average price of $40.48.
Mattress Firm Holding Corp. (NASDAQ:MFRM) last issued its quarterly earnings data on Thursday, June 9th. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.06. During the same period in the prior year, the firm posted $0.33 EPS. The company earned $839.40 million during the quarter, compared to analysts’ expectations of $869.75 million. Mattress Firm Holding Corp.’s revenue was up 49.2% compared to the same quarter last year. On average, equities analysts expect that Mattress Firm Holding Corp. will post $2.22 earnings per share for the current year.
In other Mattress Firm Holding Corp. news, Chairman R. Stephen Stagner sold 15,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $35.00, for a total transaction of $525,000.00. Following the completion of the transaction, the chairman now owns 966,536 shares in the company, valued at approximately $33,828,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick C. Tinsey III sold 17,049 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $63.85, for a total value of $1,088,578.65. Following the transaction, the director now owns 17,646 shares of the company’s stock, valued at approximately $1,126,697.10. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Mattress Firm Holding Corp. stock. Dimensional Fund Advisors LP raised its position in Mattress Firm Holding Corp. (NASDAQ:MFRM) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,138 shares of the company’s stock after buying an additional 300 shares during the period. Dimensional Fund Advisors LP owned about 0.13% of Mattress Firm Holding Corp. worth $2,015,000 at the end of the most recent 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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