UBS Maintains a 'Buy' on Mattress Firm Holding Corp. (MFRM); Bullish Thesis Playing Out Even Faster Than Expected
Tweet
Share
E-mailGet Alerts MFRM Hot Sheet
Price: $64.02 --0%
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
UBS maintains a 'Buy' on Mattress Firm Holding Corp. (NASDAQ: MFRM) price target raised from $39 to $50.
Analyst, Michael Lasser, said, "Our basic thesis on MFRM is that it is well positioned to grow into the dominant national mattress retailer and in that process creates significant shareholder value. The evidence from the company’s 4Q’11 suggests this is happening at a quicker rate than we previously expected. The highlight from the quarter was strong top-line and bottom line performance with EPS of $0.56 that handily beat our $0.17 est. The upside was driven by a comp increase of 24.8%, which exceeded our 17% estimate. We expect that upward revisions will continue to drive the stock."
FY13 EPS estimate raised from $1.26 to $1.59 and FY14 from $1.57 to $1.98.
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 $42.36 yesterday.
Analyst, Michael Lasser, said, "Our basic thesis on MFRM is that it is well positioned to grow into the dominant national mattress retailer and in that process creates significant shareholder value. The evidence from the company’s 4Q’11 suggests this is happening at a quicker rate than we previously expected. The highlight from the quarter was strong top-line and bottom line performance with EPS of $0.56 that handily beat our $0.17 est. The upside was driven by a comp increase of 24.8%, which exceeded our 17% estimate. We expect that upward revisions will continue to drive the stock."
FY13 EPS estimate raised from $1.26 to $1.59 and FY14 from $1.57 to $1.98.
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 $42.36 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
