Mattress Firm (MFRM) Tops Q2 EPS by 11c; Updates FY15 Outlook

UBS Cuts Price Target on Mattress Firm (MFRM) to $57 Following 2Q15

UBS reiterated a Buy rating on Mattress Firm Holding Corp. (NASDAQ: MFRM), and cut the price target to $57.00 (from $68.00), following the company's 2Q15 earnings results. Analyst Michael Lasser said that MFRM was spread too thin, which exacerbated the challenge of executing in a difficult sector.

Lasser commented, "While the long-term... More

Piper Jaffray Cuts Price Target on Mattress Firm (MFRM) Following 2Q15 Earnings Results

Piper Jaffray reiterated a Neutral rating on Mattress Firm Holding Corp. (NASDAQ: MFRM), and cut the price target to $47.00 (from $62.00), following the company's 2Q15 earnings results. EPS was reported at $0.67, missing consensus of $0.72.

Analyst Peter Keith commented, "We are maintaining our Neutral... More

Wedbush Cuts Price Target on Mattress Firm (MFRM) to $50 Following 5c EPS Miss

Wedbush maintained a Neutral rating on Mattress Firm Holding Corp. (NASDAQ: MFRM), and cut the price target to $50.00 (from $60.00), following the company's 2Q15 earnings results. Adjusted EPS missed consensus by $0.05 at $0.67. The company cut FY adjusted EPS guidance by $0.25 at the high end from $2.70 to $2.45.... More

Mattress Firm (MFRM) Announces President, COO Promotions

Mattress Firm (NASDAQ: MFRM) announced that Ken Murphy has been promoted to president and Rob Killgore to chief operating officer. The Company also announced that Dale Carlsen will assume the role of executive vice chairman and chief philanthropy officer. In this role Mr. Carlsen will work closely with the senior executive team on key strategic initiatives, vendor relations, mergers and acquisitions, and community engagement. This new structure is the next step in the integration of the Sleep Train organization and is intended to drive future growth. These changes are effective... More