Analyst Price Target Update on Mattress Firm Holding (NASDAQ:MFRM)

Mattress Firm Holding (NASDAQ:MFRM): The mean estimate for the short term price target for Mattress Firm Holding (NASDAQ:MFRM) stands at $39.71 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $55 while the lower price target estimate is at $29.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Bank of America downgrades its rating on Mattress Firm Holding (NASDAQ:MFRM).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, Bank of America lowers the new price target from $42 per share to $28 per share. The rating by the firm was issued on June 10, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Stagner R. Stephen, director officer (Executive Chairman) of Mattress Firm Holding Corp., had unloaded 400 shares at an average price of $39.74 in a transaction dated on May 2, 2016. The total value of the transaction was worth $15,896.

Mattress Firm Holding (NASDAQ:MFRM) : On Monday heightened volatility was witnessed in Mattress Firm Holding (NASDAQ:MFRM) which led to swings in the share price. The stock opened for trading at $29.17 and hit $30.21 on the upside , eventually ending the session at $29.95, with a gain of 1.87% or 0.55 points. The heightened volatility saw the trading volume jump to 1,223,102 shares. The 52-week high of the share price is $65.51 and the company has a market cap of $1,110 million. The 52-week low of the share price is at $27.18 .

Mattress Firm Holding Corp. is a holding company. 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. The Company operates through two reportable segments: retail operations and franchise operations. The Company-operated stores, its e-commerce Website operations and multi-channel sales operations consisting primarily of special events comprise the Companys retail operations segment. For its franchise operations segment, franchise fees and royalty income received from its franchisees fully represent results of operations.

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