ValuEngine lowered shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a sell rating in a research note released on Tuesday morning.
TPX has been the topic of a number of other research reports. Zacks Investment Research cut shares of Tempur Sealy International from a buy rating to a hold rating in a report on Tuesday, February 27th. SunTrust Banks cut their price target on shares of Tempur Sealy International to $45.00 and set a hold rating on the stock in a report on Monday, May 7th. Loop Capital cut shares of Tempur Sealy International from a hold rating to a sell rating and cut their price target for the company from $49.00 to $36.00 in a report on Monday, April 16th. Stifel Nicolaus cut their price target on shares of Tempur Sealy International from $65.00 to $60.00 and set a buy rating on the stock in a report on Friday, May 4th. Finally, Guggenheim reiterated a hold rating on shares of Tempur Sealy International in a report on Thursday, May 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Tempur Sealy International currently has an average rating of Hold and an average price target of $58.22.
NYSE:TPX opened at $50.24 on Tuesday. Tempur Sealy International has a 52 week low of $41.10 and a 52 week high of $68.05. The company has a debt-to-equity ratio of 11.97, a quick ratio of 0.78 and a current ratio of 1.16. The company has a market cap of $2.84 billion, a PE ratio of 15.70, a PEG ratio of 0.68 and a beta of 1.39.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, May 3rd. The company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $634.33 million. During the same quarter in the previous year, the company earned $0.96 EPS. The company’s quarterly revenue was down 10.3% compared to the same quarter last year. equities analysts predict that Tempur Sealy International will post 3.45 earnings per share for the current fiscal year.
In related news, major shareholder Rehan Jaffer bought 688,800 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The shares were bought at an average price of $44.60 per share, for a total transaction of $30,720,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.63% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in Tempur Sealy International by 2.2% in the fourth quarter. Sterling Capital Management LLC now owns 57,345 shares of the company’s stock worth $3,595,000 after acquiring an additional 1,250 shares during the period. Legal & General Group Plc raised its position in Tempur Sealy International by 2.0% in the first quarter. Legal & General Group Plc now owns 66,330 shares of the company’s stock worth $3,004,000 after acquiring an additional 1,325 shares during the period. Envestnet Asset Management Inc. raised its position in Tempur Sealy International by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 37,386 shares of the company’s stock worth $2,344,000 after acquiring an additional 1,475 shares during the period. American International Group Inc. raised its position in Tempur Sealy International by 1.6% in the fourth quarter. American International Group Inc. now owns 95,345 shares of the company’s stock worth $5,977,000 after acquiring an additional 1,488 shares during the period. Finally, Flinton Capital Management LLC raised its position in Tempur Sealy International by 33.6% in the fourth quarter. Flinton Capital Management LLC now owns 6,358 shares of the company’s stock worth $399,000 after acquiring an additional 1,598 shares during the period.
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.
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