Zacks Investment Research upgraded shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a buy rating in a report published on Thursday morning. Zacks Investment Research currently has $70.00 target price on the stock.
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. “
Other equities analysts have also issued research reports about the company. SunTrust Banks reiterated a hold rating and issued a $60.00 target price on shares of Tempur Sealy International in a research note on Monday, October 2nd. Stifel Nicolaus reiterated a buy rating and issued a $80.00 target price on shares of Tempur Sealy International in a research note on Friday, November 3rd. Wedbush reiterated a hold rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Raymond James Financial reiterated a buy rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. Finally, TheStreet upgraded Tempur Sealy International from a c rating to a b rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $62.44.
Shares of Tempur Sealy International (NYSE TPX) traded up $0.62 during trading on Thursday, hitting $63.95. The stock had a trading volume of 769,189 shares, compared to its average volume of 742,507. The stock has a market capitalization of $3,460.00, a price-to-earnings ratio of 21.32, a P/E/G ratio of 1.00 and a beta of 1.54. 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 1 year low of $39.57 and a 1 year high of $68.05.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. research analysts forecast that Tempur Sealy International will post 3.25 earnings per share for the current year.
In other Tempur Sealy International news, EVP H Clifford Buster III purchased 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 $996,964. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard W. Anderson sold 24,345 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the sale, the executive vice president now owns 78,236 shares in the company, valued at approximately $5,084,557.64. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of the company. Greenlight Capital Inc. lifted its holdings in shares of Tempur Sealy International by 900.0% during the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after purchasing an additional 3,600,000 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Tempur Sealy International by 10.6% during the third quarter. Sterling Capital Management LLC now owns 56,095 shares of the company’s stock worth $3,619,000 after purchasing an additional 5,395 shares during the period. Colony Group LLC acquired a new stake in shares of Tempur Sealy International during the third quarter worth about $1,592,000. California Public Employees Retirement System lifted its holdings in shares of Tempur Sealy International by 5.7% during the third quarter. California Public Employees Retirement System now owns 135,580 shares of the company’s stock worth $8,748,000 after purchasing an additional 7,280 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Tempur Sealy International by 5,079.0% during the third quarter. Cubist Systematic Strategies LLC now owns 5,438 shares of the company’s stock worth $351,000 after purchasing an additional 5,333 shares during the period.
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About Tempur Sealy International
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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