Mattress Firm Holding Corp (MFRM) is Reiterated by Wedbush to Neutral, Lowers Price Target to $ 30

Mattress Firm Holding Corp (MFRM) was Reiterated by Wedbush to “Neutral” while Lowering the Price Target of the company shares to $ 30 from a previous price target of $38 . Wedbush advised their investors in a research report released on Jun 10, 2016.

Many Wall Street Analysts have commented on Mattress Firm Holding Corp. Shares were Reiterated by UBS on Jun 3, 2016 to “Buy” and Lowered the Price Target to $ 37 from a previous price target of $46 .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.

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 -0.77 points or -2.24% at $33.58 with 8,54,343 shares getting traded on Thursday. Post opening the session at $34.34, the shares hit an intraday low of $32.46 and an intraday high of $34.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 3, 2016, R. Stephen Stagner (Executive Chairman) sold 400 shares at $39.74 per share price. According to the SEC, 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, 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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