J.w. Childs Associates buys $576,201,494 stake in Mattress Firm Holding Corp (MFRM)

Mattress Firm Holding Corp (MFRM) : J.w. Childs Associates scooped up 559,440 additional shares in Mattress Firm Holding Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 13,599,280 shares of Mattress Firm Holding Corp which is valued at $576,201,494.Mattress Firm Holding Corp makes up approximately 100.00% of J.w. Childs Associates’s portfolio.

Mattress Firm Holding Corp closed down -0.95 points or -2.19% at $42.37 with 2,38,438 shares getting traded on Friday. Post opening the session at $43.14, the shares hit an intraday low of $41.79 and an intraday high of $43.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Seabridge Investment Advisors added MFRM to its portfolio by purchasing 2,740 company shares during the most recent quarter which is valued at $116,094. Mattress Firm Holding Corp makes up approx 0.03% of Seabridge Investment Advisors’s portfolio. Simplex Trading added MFRM to its portfolio by purchasing 3,598 company shares during the most recent quarter which is valued at $157,844. Mattress Firm Holding Corp makes up approx 0.02% of Simplex Trading’s portfolio. Capital Impact Advisors sold out all of its stake in MFRM during the most recent quarter. The investment firm sold 13,444 shares of MFRM which is valued $589,788.Eagle Asset Management Inc reduced its stake in MFRM by selling 2,662 shares or 4.25% in the most recent quarter. The Hedge Fund company now holds 59,988 shares of MFRM which is valued at $2,485,303. Mattress Firm Holding Corp makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

On the company’s financial health, Mattress Firm Holding Corp reported $0.53 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Mar 21, 2016. Analyst had a consensus of $0.56. The company had revenue of $618.50 million for the quarter, compared to analysts expectations of $622.35 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Mattress Firm Holding Corp. Mattress Firm Holding Corp was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Mar 22, 2016. Mattress Firm Holding Corp was Initiated by Longbow to “Neutral” on Mar 15, 2016. Shares were Reiterated by Wedbush on Feb 4, 2016 to “Neutral” and Lowered the Price Target to $ 38 from a previous price target of $50 .

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.

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