Mattress Firm Holding Corp Stock Rating Upgraded by Stifel Nicolaus (MFRM)

Mattress Firm Holding Corp (NASDAQ: MFRM) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, reports.

The analysts wrote, “Comparable sales growth rates have decelerated since the October 2011 quarter, but April and then July quarter comparisons get much easier. Add to this the inclusion of the two tranches of Mattress Giant stores that will be fully incorporated in the July quarter results and comparable store revenues should show a re-acceleration…We believe that Q4 expectations (to be released on March 26) are sufficiently low that the weak industry sales we have witnessed in December and January should not be problematic. The CEO has been open about ‘choppy’ traffic trends in December and January. We also believe that Mattress Firm had a decent President’s Day event and that weather issues plaguing much of the country have generally not been an issue. Our estimates for January 2014 at $2.05 per share are materially above Street consensus of $1.96.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Mattress Firm Holding Corp from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 8th. They now have a $27.10 price target on the stock. Analysts at William Blair downgraded shares of Mattress Firm Holding Corp to a “market perform” rating in a research note to investors on Monday, December 24th.

Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.18.

Mattress Firm Holding Corp (NASDAQ: MFRM) traded up 2.19% on Friday, hitting $30.80. Mattress Firm Holding Corp has a 52-week low of $22.62 and a 52-week high of $48.18. The stock’s 50-day moving average is currently $28.36. The company has a market cap of $1.040 billion and a price-to-earnings ratio of 20.17.

Mattress Firm Holding Corp. (NASDAQ: MFRM) is a specialty retailer of mattresses and related products and accessories in the United States.

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