Tempur Sealy International, Inc. (TPX) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a hold rating in a research report released on Wednesday.

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 research analysts also recently issued reports on TPX. Wedbush set a $45.00 price target on shares of Tempur Sealy International and gave the stock a hold rating in a research report on Wednesday, May 31st. ValuEngine downgraded shares of Tempur Sealy International from a buy rating to a hold rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Tempur Sealy International from a hold rating to a buy rating in a research report on Saturday, June 24th. Raymond James Financial, Inc. restated a strong-buy rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus restated a hold rating and issued a $47.00 price target on shares of Tempur Sealy International in a research report on Friday, July 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $65.09.

Shares of Tempur Sealy International (NYSE TPX) traded up 0.59% during trading on Wednesday, reaching $63.00. 86,018 shares of the company traded hands. The company has a 50 day moving average price of $60.83 and a 200 day moving average price of $51.40. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $78.19. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 17.77 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million for the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm’s revenue was down 18.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. On average, equities analysts predict that Tempur Sealy International will post $3.29 EPS for the current year.

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Large investors have recently added to or reduced their stakes in the company. Neuberger Berman Group LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at $14,268,000. Morgan Stanley increased its stake in shares of Tempur Sealy International by 99.6% in the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after acquiring an additional 116,718 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tempur Sealy International by 15,212.6% in the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after acquiring an additional 3,759,339 shares in the last quarter. ICONIQ Capital LLC increased its stake in shares of Tempur Sealy International by 26.1% in the 1st quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after acquiring an additional 22,434 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Tempur Sealy International by 14.9% in the 1st quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after acquiring an additional 466,161 shares in the last quarter.

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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