Mattress Firm (NASDAQ:MFRM) Rating Reaffirmed
New York: In a very recent research note shared with investors on 1 December, Piper Jaffray has decided to reaffirm their “Neutral” rating on Mattress Firm (NASDAQ:MFRM) shares. They now have a $55.0 target price on the company. Piper Jaffray’s target may mean a potential upside of 11.43% from the company’s previous stock close.
From a total of 9 analysts covering Mattress Firm Holding Corp (NASDAQ:MFRM) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is $70 while the lowest target price is $47. The mean of all analyst targets is $57.11 with a -0.85% below today’s ($53.96) stock price. Mattress Firm Holding Corp was the topic of 6 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on September 14 with “Buy” rating. UBS maintained MFRM stock in a recent report from September 14 with “Buy” rating. Finally, Zacks upgraded the stock to “Sell” rating in a report issued on an August 14.
Approximately 1.50 million shares of stock traded hands or 467.90% up from the average. Mattress Firm Holding Corp (NASDAQ:MFRM) has declined 18.74% since April 28, 2015 and is downtrending. It has underperformed by 17.11% the S&P500.
Analysts await Mattress Firm Holding Corp (NASDAQ:MFRM) to reports earnings on December, 7. They expect $0.79 earnings per share, up 12.86% or $0.09 from last year’s $0.7 per share. MFRM’s profit will be $28.70 million for 17.08 P/E if the $0.79 EPS becomes reality. After $0.67 actual earnings per share reported by Mattress Firm Holding Corp for the previous quarter, Wall Street now forecasts 17.91% EPS growth.
Mattress Firm Holding Corp. is a holding company. The company has a market cap of $1.96 billion. The Company, through its direct and indirect subsidiaries, is a retailer of mattresses and bedding-related products in various metropolitan markets in the United States through company-operated and franchise-owned mattress specialty stores that operate primarily under the name Mattress Firm. It has 38.27 P/E ratio. The Firm operates through two reportable divisions: retail activities and franchise operations.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on Mattress Firm Holding Corp (MFRM)