SunTrust Robinson Humphrey Maintains Mattress Firm Holding Corp to Neutral with Price Target $64.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Mattress Firm Holding Corp(NASDAQ:MFRM). In a research note issued to the investors, the brokerage major Raises the price-target to $64.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 12, 2016.

In a different note, On Aug 22, 2016, Raymond James said it Downgrades its rating on Mattress Firm Holding Corp. The shares have been rated ‘Underperform’ by the firm. On Aug 16, 2016, Citigroup said it Maintains its rating on Mattress Firm Holding Corp. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Nomura said it Maintains its rating on Mattress Firm Holding Corp. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 8, 2016, Wedbush said it Maintains its rating on Mattress Firm Holding Corp. In the research note, the firm Raises the price-target to $30.00 per share. The shares have been rated ‘Neutral’ by the firm.

Mattress Firm Holding Corp(MFRM) last announced its earnings results on Sep 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $980.01M. Analysts had an estimated revenue of $1.00B. Earnings per share were $0.57. Analysts had estimated an EPS of $0.65.

Several Insider Transactions has been reported to the SEC. On Sep 6, 2016, R. Stephen Stagner (Executive Chairman) sold 15,000 shares at $63.91 per share price.Also, On Aug 17, 2016, Iii Frederick C. Tinsey (director) sold 17,049 shares at $63.82 per share price.On Aug 9, 2016, Craig Mcandrews (Chief Merchandising Officer) sold 6,000 shares at $63.70 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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