Barclays Defends Mattress Firm Holding (MFRM): Cutting Numbers, But Still Very Impressed with Overall Strategy
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Price: $64.02 --0%
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on Mattress Firm Holding Corp. (NASDAQ: MFRM) price target of $40.00 (from $59.00).
Analyst, Robert S. Drbul, is maintaining his Q2 and FY12 EPS estimates at $0.29 and $1.50. However, Q2 revenues are cut from $271M to $265M and FY12 from $1.04B to $1.02B. Drbul also lowers FY13 EPS estimate from $2.20 to $2.15.
Drbul said, "Although we continue to expect solid long-term EPS growth we are taking a more cautious stance toward valuation given a more challenging comp environment and tough compares throughout the back half of the year."
He remains impressed with MFRM's growth strategy and sees the company gaining market share.
For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.
Shares of Mattress Firm Holding Corp. closed at $29.77 yesterday.
Analyst, Robert S. Drbul, is maintaining his Q2 and FY12 EPS estimates at $0.29 and $1.50. However, Q2 revenues are cut from $271M to $265M and FY12 from $1.04B to $1.02B. Drbul also lowers FY13 EPS estimate from $2.20 to $2.15.
Drbul said, "Although we continue to expect solid long-term EPS growth we are taking a more cautious stance toward valuation given a more challenging comp environment and tough compares throughout the back half of the year."
He remains impressed with MFRM's growth strategy and sees the company gaining market share.
For an analyst ratings summary and ratings history on Mattress Firm Holding Corp. click here. For more ratings news on Mattress Firm Holding Corp. click here.
Shares of Mattress Firm Holding Corp. closed at $29.77 yesterday.
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