Mattress Firm (NASDAQ:MFRM): Piper Jaffray Reconfirms “Neutral” Rating Today, Has a Target of $55/Share


Mattress Firm (NASDAQ:MFRM) Rating Reaffirmed

In a recent report made public this morning, Piper Jaffray has reaffirmed their “Neutral” rating on Mattress Firm (NASDAQ:MFRM) shares. The TP would possibly suggest a possible upside of 3.70% from company’s current price.

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 0.87% above today’s ($53.04) 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 1.02M shares of stock traded hands or 286.17% 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 EPS, up 12.86% or $0.09 from last year’s $0.7 per share. MFRM’s profit will be $28.60M for 16.78 P/E if the $0.79 EPS becomes reality. After $0.67 actual EPS 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 $1.92 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 37.63 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)