Mattress Firm Holding Corp. (MFRM) Downgraded by Zacks Investment Research

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Mattress Firm Holding Corp. (NASDAQ:MFRM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Mattress Firm Holding Corp. operates as a mattress retailer in the United States. It offers both traditional and specialty mattresses, bedding accessories and related products. The Company also offers bed frames, pillows, tempurpedic pillows, headboards and footboards, mattress protectors, pillow top, and memory foam mattresses. Mattress Firm Holding Corp. is headquartered in Houston, Texas. “
Other equities analysts also recently issued reports about the stock. Nomura reaffirmed 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. Vetr downgraded shares of Mattress Firm Holding Corp. from a “strong-buy” rating to a “buy” rating and set a $35.04 target price 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. Wedbush lifted their target price on shares of Mattress Firm Holding Corp. from $30.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, August 8th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $35.00 target price on shares of Mattress Firm Holding Corp. in a research note on Wednesday, June 8th. Four research analysts have rated the stock with a sell rating, six 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 target price of $53.10.

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Mattress Firm Holding Corp. (NASDAQ:MFRM) traded down 0.02% during trading on Tuesday, hitting $64.02. 573,013 shares of the stock were exchanged. Mattress Firm Holding Corp. has a 12 month low of $27.18 and a 12 month high of $64.27. The stock’s 50 day moving average price is $55.06 and its 200 day moving average price is $41.78. The stock’s market cap is $2.39 billion.
Mattress Firm Holding Corp. (NASDAQ:MFRM) last issued its earnings results on Friday, September 9th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.08. Mattress Firm Holding Corp. had a positive return on equity of 12.88% and a negative net margin of 2.68%. The firm had revenue of $980 million for the quarter. During the same quarter in the previous year, the business earned $0.67 earnings per share. Mattress Firm Holding Corp.’s revenue for the quarter was up 48.2% compared to the same quarter last year. Analysts forecast that Mattress Firm Holding Corp. will post $2.16 EPS for the current fiscal year.
In other Mattress Firm Holding Corp. news, Chairman R. Stephen Stagner sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder North Latitude Master Fund 40 purchased 401,775 shares of the stock in a transaction on Wednesday, July 27th. The shares were purchased at an average price of $29.81 per share, with a total value of $11,976,912.75. The disclosure for this purchase can be found here. 6.00% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors Inc. boosted its position in Mattress Firm Holding Corp. by 8.5% in the first quarter. Teachers Advisors Inc. now owns 32,318 shares of the company’s stock valued at $1,370,000 after buying an additional 2,521 shares during the period. Franklin Resources Inc. boosted its position in Mattress Firm Holding Corp. by 1.4% in the first quarter. Franklin Resources Inc. now owns 695,918 shares of the company’s stock valued at $29,500,000 after buying an additional 9,900 shares during the period. BlackRock Group LTD boosted its position in Mattress Firm Holding Corp. by 41.8% in the first quarter. BlackRock Group LTD now owns 7,118 shares of the company’s stock valued at $301,000 after buying an additional 2,097 shares during the period. TimesSquare Capital Management LLC boosted its position in Mattress Firm Holding Corp. by 3.2% in the first quarter. TimesSquare Capital Management LLC now owns 961,585 shares of the company’s stock valued at $40,762,000 after buying an additional 29,760 shares during the period. Finally, Zebra Capital Management LLC boosted its position in Mattress Firm Holding Corp. by 27.7% in the first quarter. Zebra Capital Management LLC now owns 13,225 shares of the company’s stock valued at $561,000 after buying an additional 2,871 shares during the period. Institutional investors own 75.88% of the company’s stock.
About Mattress Firm Holding Corp.
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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