Barclays Maintains an 'Overweight' on Mattress Firm Holding (MFRM); Adjusting Estimates After Q2 Review
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Price: $35.63 -1.52%
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
8 Buy, 1 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade MFRM Now!
Barclays maintains an 'Overweight' on Mattress Firm Holding Corp. (NASDAQ: MFRM) price target of $40.00.
Analyst, Robert S. Drbul, said, "We are adjusting our 2013 EPS estimate to include the impact of the Mattress X-Press acquisition, increasing it to $2.25 from $2.15. We are also adjusting our 2012 EPS estimate, now $1.70, to exclude the one-time acquisition costs (this is consistent with our previous estimate of $1.50 including $0.20 of one-time items). Going forward, we expect the company to benefit from productivity improvements at Mattress Giant and continued positive industry dynamics such pent up demand and increased interest in specialty mattresses."
For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.
Shares of Mattress Firm Holding Corp. closed at $32.45 yesterday, with a 52 week range of $21.03-$48.18.
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Analyst, Robert S. Drbul, said, "We are adjusting our 2013 EPS estimate to include the impact of the Mattress X-Press acquisition, increasing it to $2.25 from $2.15. We are also adjusting our 2012 EPS estimate, now $1.70, to exclude the one-time acquisition costs (this is consistent with our previous estimate of $1.50 including $0.20 of one-time items). Going forward, we expect the company to benefit from productivity improvements at Mattress Giant and continued positive industry dynamics such pent up demand and increased interest in specialty mattresses."
For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.
Shares of Mattress Firm Holding Corp. closed at $32.45 yesterday, with a 52 week range of $21.03-$48.18.
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