Tempur Sealy International, Inc. (TPX) Rating Increased to B at TheStreet

TheStreet upgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a c rating to a b rating in a research note published on Thursday, November 2nd.

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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