Revenue Update on Mattress Firm Holding Corp(NASDAQ:MFRM)

Mattress Firm Holding Corp(NASDAQ:MFRM) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $839.39M. Analysts estimated a revenue of $869.75M. Earnings per share were $-0.10. Analysts had estimated an EPS of $-0.03.

In a different note, On Mar 23, 2016, Citigroup said it Maintains its rating on Mattress Firm Holding Corp. In the research note, the firm Raises the price-target to $38.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 22, 2016, SunTrust Robinson Humphrey said it Downgrades its rating on Mattress Firm Holding Corp. The shares have been rated ‘Neutral’ by the firm. Longbow Research said it Initiates Coverage on Mattress Firm Holding Corp, according to a research note issued on Mar 15, 2016. The shares have been rated ‘Neutral’ by the firm.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, R. Stephen Stagner (Executive Chairman) sold 400 shares at $39.74 per share price.Also, 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.

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