Mattress Firm Holding Corp. (MFRM): R. Stephen Stagner , Executive Chairman of Mattress Firm Holding Corp. sold 6,180 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $38.97 per share for a total value of $240,916.88 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 19, 2016, Craig Mcandrews (Chief Merchandising Officer) sold 2,500 shares at $43.90 per share price.On Apr 5, 2016, Bruce Levy (Executive Vice President) sold 30,458 shares at $42.36 per share price.Also, On Apr 5, 2016, R. Stephen Stagner (Executive Chairman) sold 5,287 shares at $41.96 per share price.On Jan 11, 2016, Joe Fortunato (director) purchased 5,000 shares at $41.21 per share price.
Mattress Firm Holding Corp: On Monday, May 2, 2016 heightened volatility was witnessed in Mattress Firm Holding Corp which led to swings in the share price. The shares opened for trading at $39.25 and hit $40.13 on the upside , eventually ending the session at $39.28, with a gain of 0.67% or 0.26 points. The heightened volatility saw the trading volume jump to 1,97,937 shares. The 52-week high of the share price is $65.51 and the company has a market cap of $1,456 M . The 52-week low of the share price is at $30.01.
Company has been under the radar of several Street Analysts.Mattress Firm Holding Corp is Downgraded by Sun Trust Rbsn Humphrey to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 22, 2016.Mattress Firm Holding Corp is Initiated by Longbow to Neutral. The Rating was issued on Mar 15, 2016.Mattress Firm Holding Corp is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 38 from a previous price target of $50 . The Rating was issued on Feb 4, 2016.
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.