Zacks Investment Research lowered shares of Mattress Firm Holding Corp. (NASDAQ:MFRM) from a hold rating to a sell rating in a research note published on Tuesday morning.

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. “

A number of other research firms also recently issued reports on MFRM. Raymond James Financial Inc. downgraded Mattress Firm Holding Corp. from an outperform rating to a market perform rating in a research note on Friday, June 10th. Nomura raised their price target on Mattress Firm Holding Corp. from $56.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, August 10th. Wedbush reaffirmed a neutral rating and issued a $30.00 target price (down from $38.00) on shares of Mattress Firm Holding Corp. in a report on Friday, June 10th. Vetr cut Mattress Firm Holding Corp. from a buy rating to a hold rating and set a $35.04 target price on the stock. in a report on Tuesday, June 21st. Finally, Bank of America Corp. cut Mattress Firm Holding Corp. from a neutral rating to an underperform rating and decreased their target price for the stock from $42.00 to $28.00 in a report on Friday, June 10th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $53.10.

Mattress Firm Holding Corp. (NASDAQ:MFRM) opened at 64.02 on Tuesday. The stock’s market capitalization is $2.39 billion. Mattress Firm Holding Corp. has a 12-month low of $27.18 and a 12-month high of $64.27. The stock has a 50 day moving average price of $55.06 and a 200-day moving average price of $41.78.

Mattress Firm Holding Corp. (NASDAQ:MFRM) last released its quarterly earnings results on Friday, September 9th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.08. The firm earned $980 million during the quarter. Mattress Firm Holding Corp. had a positive return on equity of 12.88% and a negative net margin of 2.68%. Mattress Firm Holding Corp.’s revenue was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 EPS. On average, equities analysts anticipate that Mattress Firm Holding Corp. will post $2.18 earnings per share for the current fiscal year.

In related news, Chairman R. Stephen Stagner sold 15,000 shares of Mattress Firm Holding Corp. stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $35.00, for a total value of $525,000.00. Following the completion of the transaction, the chairman now owns 966,536 shares in the company, valued at $33,828,760. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder North Latitude Master Fund 40 purchased 401,775 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was bought 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. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors Inc. raised 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 in the last quarter. Franklin Resources Inc. raised 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 in the last quarter. BlackRock Group LTD raised 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 in the last quarter. TimesSquare Capital Management LLC raised 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 in the last quarter. Finally, Zebra Capital Management LLC raised 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 in the last quarter. 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.

5 Day Chart for NASDAQ:MFRM

Get a free copy of the Zacks research report on Mattress Firm Holding Corp. (MFRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mattress Firm Holding Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mattress Firm Holding Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.