Mattress Firm Holding Corp (MFRM) is Downgraded by Raymond James to Underperform

Mattress Firm Holding Corp (MFRM) was Downgraded by Raymond James to ” Underperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on Aug 22, 2016.

Many Wall Street Analysts have commented on Mattress Firm Holding Corp. Mattress Firm Holding Corp was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Jun 15, 2016. Shares were Reiterated by Wedbush on Jun 10, 2016 to “Neutral” and Lowered the Price Target to $ 30 from a previous price target of $38 .Mattress Firm Holding Corp was Downgraded by Raymond James to ” Mkt Perform” on Jun 10, 2016.

On the company’s financial health, Mattress Firm Holding Corp reported $-0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Jun 9, 2016. Analyst had a consensus of $-0.04. The company had revenue of $839.40 million for the quarter, compared to analysts expectations of $864.29 million. The company’s revenue was up 49.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Mattress Firm Holding Corp closed down -0.15 points or -0.23% at $63.92 with 2,83,662 shares getting traded on Friday. Post opening the session at $64.27, the shares hit an intraday low of $63.9 and an intraday high of $64.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 17, 2016, Iii Frederick C. Tinsey (director) sold 17,049 shares at $63.82 per share price. According to the SEC, on Aug 9, 2016, Craig Mcandrews (Chief Merchandising Officer) sold 6,000 shares at $63.70 per share price. On Aug 9, 2016, R. Stephen Stagner (Executive Chairman) sold 30,000 shares at $63.71 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s retail operations segment. For its franchise operations segment franchise fees and royalty income received from its franchisees fully represent results of operations.

Mattress Firm Holding Corp

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