Other research analysts have also recently issued reports about the company. Stifel Nicolaus raised Tempur Sealy International from a hold rating to a buy rating and upped their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised Tempur Sealy International from a hold rating to a buy rating and set a $69.00 target price for the company in a research report on Friday, August 18th. Bank of America Corporation reissued a buy rating and issued a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Finally, ValuEngine raised Tempur Sealy International from a hold rating to a buy rating in a research report on Saturday, September 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International currently has a consensus rating of Hold and an average target price of $61.33.
Tempur Sealy International (NYSE TPX) opened at $57.08 on Thursday. The stock has a market capitalization of $3,093.71, a PE ratio of 15.90, a PEG ratio of 1.17 and a beta of 1.60. Tempur Sealy International has a 1 year low of $39.57 and a 1 year high of $70.45. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $724.80 million during the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.32 EPS. equities research analysts predict that Tempur Sealy International will post 3.25 earnings per share for the current year.
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In other news, EVP H Clifford Buster III acquired 18,800 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $53.03 per share, with a total value of $996,964.00. Following the purchase, the executive vice president now directly owns 18,800 shares of the company’s stock, valued at approximately $996,964. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott L. Thompson acquired 19,565 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the purchase, the chief executive officer now directly owns 245,019 shares in the company, valued at $12,542,522.61. The disclosure for this purchase can be found here. 2.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC purchased a new position in Tempur Sealy International in the 2nd quarter valued at approximately $446,000. Capital Guardian Trust Co. purchased a new position in Tempur Sealy International in the 3rd quarter valued at approximately $132,000. PNC Financial Services Group Inc. increased its stake in 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 valued at $100,000 after purchasing an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after purchasing an additional 234 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after purchasing an additional 421 shares in the last quarter.
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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