Mattress Firm Holding Corp. (MFRM) saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for MFRM, as the stock is now up over 1% in the past one-month time frame.
The company, which operates as a specialty retailer of mattresses, and related products and accessories, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increase, 3 decreases), while the consensus for earnings hasn’t been in a trend over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
MFRM currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Retail – Home Furnishing industry include Ethan Allen Interiors Inc. (ETH), Kirkland's Inc. (KIRK) and Restoration Hardware Holdings, Inc. (RH). While Ethan Allen carries a Zacks Rank #1 (Strong Buy), Kirkland's and Restoration Hardware both hold a Zacks Rank #2 (Buy) each.
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