Investors Sell Mattress Firm Holding Corp. (MFRM) on Strength (MFRM)
Traders sold shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) on strength during trading on Thursday. $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 analysts recently issued reports on the company. Wedbush restated a “neutral” rating and set a $38.00 price target on shares of Mattress Firm Holding Corp. in a research report on Friday, June 3rd. Piper Jaffray Cos. restated a “neutral” rating and set a $35.00 price target on shares of Mattress Firm Holding Corp. in a research report on Wednesday, June 8th. Raymond James Financial Inc. lowered Mattress Firm Holding Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, June 10th. Bank of America Corp. lowered Mattress Firm Holding Corp. from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $42.00 to $28.00 in a research report on Friday, June 10th. Finally, TheStreet lowered Mattress Firm Holding Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, June 9th. 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. Mattress Firm Holding Corp. currently has an average rating of “Hold” and an average price target of $50.60.
The company’s 50-day moving average price is $48.88 and its 200-day moving average price is $40.81. The stock’s market capitalization is $2.38 billion.
Mattress Firm Holding Corp. (NASDAQ:MFRM) last posted 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 company earned $839.40 million during the quarter, compared to the consensus estimate of $869.75 million. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s quarterly 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, Director Frederick C. Tinsey III sold 17,049 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $63.85, for a total transaction of $1,088,578.65. Following the sale, the director now directly owns 17,646 shares in the company, valued at $1,126,697.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider R. Stephen Stagner sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $63.70, for a total value of $1,911,000.00. Following the sale, the insider now owns 960,823 shares in the company, valued at $61,204,425.10. 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 increased its position in shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 approximately 0.13% of Mattress Firm Holding Corp. worth $2,015,000 at the end of the most recent reporting period.
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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