Tempur Sealy International, Inc. (NYSE:TPX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
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 equities analysts also recently weighed in on TPX. Raymond James Financial, Inc. raised Tempur Sealy International from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Wednesday, April 19th. Stifel Nicolaus reissued a “hold” rating and issued a $47.00 price objective on shares of Tempur Sealy International in a report on Wednesday, April 19th. KeyCorp reissued an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. SunTrust Banks, Inc. raised Tempur Sealy International from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a report on Monday, May 8th. Finally, Tigress Financial downgraded Tempur Sealy International from a “buy” rating to a “neutral” rating in a report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $61.10.
Tempur Sealy International (TPX) opened at 61.27 on Thursday. The company’s 50-day moving average is $56.77 and its 200 day moving average is $48.99. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 17.28 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The firm had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’s revenue was down 18.0% on a year-over-year basis. Equities analysts forecast that Tempur Sealy International will post $3.29 earnings per share for the current fiscal year.
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In other Tempur Sealy International news, Director Usman Nabi purchased 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average price of $47.37 per share, for a total transaction of $4,737,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of 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 worth $100,000 after buying an additional 273 shares during the period. 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 worth $116,000 after buying an additional 234 shares during the period. 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 worth $120,000 after buying an additional 421 shares during the period. 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 worth $128,000 after buying an additional 2,375 shares during the period. Finally, Blueport Capital L.P. boosted its stake in Tempur Sealy International by 41.2% in the first quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after buying an additional 883 shares during the period.
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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