Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, November 4th. The firm presently has a $60.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 7.26% from the company’s previous close.
According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “
TPX has been the subject of several other research reports. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $60.00 price objective on shares of Tempur Sealy International in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $47.00 price objective on shares of Tempur Sealy International in a research note on Friday, July 14th. ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Finally, Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.33.
Tempur Sealy International (NYSE TPX) opened at $55.94 on Friday. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $70.45. The stock has a market capitalization of $2,930.09, a P/E ratio of 15.06, a P/E/G ratio of 1.10 and a beta of 1.60.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.32 earnings per share. equities analysts forecast that Tempur Sealy International will post 3.25 earnings per share for the current fiscal year.
In other Tempur Sealy International news, CEO Scott L. Thompson purchased 19,565 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the acquisition, the chief executive officer now owns 245,019 shares of the company’s stock, valued at approximately $12,542,522.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP H Clifford Buster III acquired 18,800 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $53.03 per share, with a total value of $996,964.00. Following the completion of the transaction, the executive vice president now owns 18,800 shares of the company’s stock, valued at $996,964. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in shares of Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after purchasing an additional 116,718 shares during the last quarter. SG Americas Securities LLC grew its holdings in Tempur Sealy International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after acquiring an additional 5,394 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Tempur Sealy International by 3.8% in the 2nd quarter. Principal Financial Group Inc. now owns 200,825 shares of the company’s stock valued at $10,722,000 after purchasing an additional 7,274 shares during the last quarter. BlackRock Inc. raised its position in Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Tempur Sealy International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after buying an additional 8,185 shares during 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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