Tempur Sealy International, Inc. (NYSE:TPX) Upgraded by Zacks Investment Research to “Hold”

Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, November 4th. The brokerage currently has a $60.00 price objective on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 4.11% from the company’s current price.

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. “

A number of other brokerages have also commented on TPX. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research report on Monday, October 2nd. ValuEngine raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Piper Jaffray Companies set a $61.00 target price on shares of Tempur Sealy International and gave the stock a “hold” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. Tempur Sealy International currently has an average rating of “Hold” and a consensus price target of $61.33.

Tempur Sealy International (NYSE TPX) traded up $0.55 during trading on Friday, reaching $57.63. 425,500 shares of the company were exchanged, compared to its average volume of 1,361,419. The stock has a market cap of $3,092.63, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.17 and a beta of 1.60. Tempur Sealy International has a 12 month low of $39.57 and a 12 month 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.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The business had revenue of $724.80 million for 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% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. equities analysts predict that Tempur Sealy International will post 3.25 EPS for the current year.

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In other Tempur Sealy International news, CEO Scott L. Thompson acquired 19,565 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the purchase, the chief executive officer now owns 245,019 shares in the company, valued at $12,542,522.61. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP H Clifford Buster III acquired 18,800 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were acquired at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the completion of the purchase, the executive vice president now owns 18,800 shares of the company’s stock, valued at approximately $996,964. The disclosure for this purchase can be found here. 2.10% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TPX. PNC Financial Services Group Inc. boosted its stake in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after acquiring an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Tempur Sealy International by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after acquiring an additional 234 shares in the last quarter. Sei Investments Co. boosted its stake in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after acquiring an additional 421 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Capital Guardian Trust Co. acquired a new stake in Tempur Sealy International in the third quarter valued at 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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