Tempur Sealy International (NYSE:TPX) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Tempur Sealy International (NYSE:TPX) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Other analysts have also recently issued research reports about the stock. KeyCorp increased their price target on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. William Blair upgraded shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler increased their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Wedbush reissued an “outperform” rating and set a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. Finally, UBS Group increased their price target on Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $73.25.

Tempur Sealy International Stock Performance

The company has a 50-day moving average price of $59.48 and a two-hundred day moving average price of $54.63. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $69.55. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $11.94 billion, a P/E ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Tempur Sealy International during the 4th quarter worth approximately $146,552,000. Wellington Management Group LLP acquired a new stake in Tempur Sealy International during the 3rd quarter worth $73,981,000. Linonia Partnership LP boosted its stake in Tempur Sealy International by 17.8% during the 4th quarter. Linonia Partnership LP now owns 4,824,379 shares of the company’s stock worth $273,494,000 after purchasing an additional 729,200 shares during the period. Raymond James Financial Inc. acquired a new position in Tempur Sealy International in the fourth quarter valued at $22,564,000. Finally, FMR LLC raised its holdings in shares of Tempur Sealy International by 4.4% in the fourth quarter. FMR LLC now owns 9,062,453 shares of the company’s stock valued at $513,750,000 after buying an additional 384,094 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.