Mattress Firm Holding Corp (MFRM) : Mig Capital scooped up 218,000 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 Aug 15, 2016. The investment management firm now holds a total of 717,000 shares of Mattress Firm Holding Corp which is valued at $45,773,280.Mattress Firm Holding Corp makes up approximately 8.85% of Mig Capital’s portfolio.
Other Hedge Funds, Including , Wolverine Asset Management added MFRM to its portfolio by purchasing 1,300 company shares during the most recent quarter which is valued at $82,992. Mattress Firm Holding Corp makes up approx 0.01% of Wolverine Asset Management’s portfolio.Parametric Portfolio Associates reduced its stake in MFRM by selling 1,853 shares or 2.51% in the most recent quarter. The Hedge Fund company now holds 72,046 shares of MFRM which is valued at $4,599,417. Mattress Firm Holding Corp makes up approx 0.01% of Parametric Portfolio Associates’s portfolio. Jefferies Group sold out all of its stake in MFRM during the most recent quarter. The investment firm sold 50,000 shares of MFRM which is valued $3,192,000.Credit Suisse Ag boosted its stake in MFRM in the latest quarter, The investment management firm added 9,121 additional shares and now holds a total of 24,450 shares of Mattress Firm Holding Corp which is valued at $1,560,888.Timessquare Capital Management reduced its stake in MFRM by selling 113,515 shares or 11.8% in the most recent quarter. The Hedge Fund company now holds 848,070 shares of MFRM which is valued at $54,140,789. Mattress Firm Holding Corp makes up approx 0.34% of Timessquare Capital Management’s portfolio.
Mattress Firm Holding Corp closed down -0.03 points or -0.05% at $63.92 with 4,39,754 shares getting traded on Thursday. Post opening the session at $64, the shares hit an intraday low of $63.88 and an intraday high of $64 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.
Many Wall Street Analysts have commented on Mattress Firm Holding Corp. Mattress Firm Holding Corp was Downgraded by Raymond James to ” Underperform” on Aug 22, 2016. 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. 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.