Tempur Sealy International, Inc. (NYSE:TPX) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, November 2nd.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. SunTrust Banks, Inc. reissued a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research note on Monday, October 2nd. Finally, Bank of America Corporation reissued a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $61.33.
Tempur Sealy International (TPX) traded up $0.06 during midday trading on Thursday, hitting $53.67. 859,500 shares of the stock traded hands, compared to its average volume of 1,378,541. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $70.45. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77. The firm has a market cap of $2,904.62, a price-to-earnings ratio of 14.93, a PEG ratio of 1.09 and a beta of 1.60.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $724.80 million during the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 EPS. equities research analysts expect that Tempur Sealy International will post 3.25 earnings per share for the current year.
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In other Tempur Sealy International news, CEO Scott L. Thompson bought 19,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the acquisition, the chief executive officer now directly owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP H Clifford Buster III bought 18,800 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the completion of the acquisition, the executive vice president now directly owns 18,800 shares in the company, valued at $996,964. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPX. PNC Financial Services Group Inc. raised its holdings in shares of Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Tempur Sealy International by 9,500.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after purchasing an additional 2,375 shares in the last quarter. Finally, Capital Guardian Trust Co. bought a new stake in shares of Tempur Sealy International in the 3rd quarter worth approximately $132,000.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.
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