ValuEngine upgraded shares of Tempur Sealy International (NYSE:TPX) from a sell rating to a hold rating in a report published on Thursday morning.
Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus reaffirmed a buy rating and set a $65.00 target price (down from $68.00) on shares of Tempur Sealy International in a research note on Thursday, March 15th. Zacks Investment Research raised shares of Tempur Sealy International from a hold rating to a buy rating and set a $63.00 target price on the stock in a research note on Tuesday, February 20th. TheStreet downgraded shares of Tempur Sealy International from a b- rating to a c+ rating in a research note on Thursday, February 22nd. Loop Capital started coverage on shares of Tempur Sealy International in a research note on Thursday, March 1st. They set a hold rating and a $49.00 target price on the stock. Finally, SunTrust Banks reaffirmed a hold rating and set a $51.00 target price on shares of Tempur Sealy International in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $58.22.
Tempur Sealy International opened at $49.98 on Thursday, MarketBeat Ratings reports. The company has a market capitalization of $2.74 billion, a PE ratio of 15.62, a P/E/G ratio of 0.66 and a beta of 1.34. Tempur Sealy International has a 1 year low of $41.10 and a 1 year high of $68.05. The company has a current ratio of 1.16, a quick ratio of 0.78 and a debt-to-equity ratio of 11.97.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, May 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). Tempur Sealy International had a net margin of 5.29% and a return on equity of 161.62%. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $634.33 million. During the same period last year, the firm posted $0.96 earnings per share. Tempur Sealy International’s revenue was down 10.3% on a year-over-year basis. research analysts forecast that Tempur Sealy International will post 3.45 EPS for the current year.
In other news, major shareholder Rehan Jaffer purchased 688,800 shares of the stock in a transaction on Wednesday, May 9th. The stock was bought at an average price of $44.60 per share, for a total transaction of $30,720,480.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPX. Schwab Charles Investment Management Inc. grew its holdings in Tempur Sealy International by 4.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 321,339 shares of the company’s stock worth $20,145,000 after acquiring an additional 14,865 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Tempur Sealy International during the 4th quarter worth approximately $218,000. Augustine Asset Management Inc. acquired a new position in Tempur Sealy International during the 4th quarter worth approximately $1,644,000. SG Americas Securities LLC grew its holdings in Tempur Sealy International by 1,250.3% during the 4th quarter. SG Americas Securities LLC now owns 23,550 shares of the company’s stock worth $1,476,000 after acquiring an additional 21,806 shares in the last quarter. Finally, Lourd Capital LLC acquired a new position in Tempur Sealy International during the 4th quarter worth approximately $256,000.
About Tempur Sealy International
Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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