Tempur Sealy International Inc (NYSE:TPX) was down 6.4% on Thursday after Stifel Nicolaus lowered their price target on the stock from $68.00 to $65.00. Stifel Nicolaus currently has a buy rating on the stock. Tempur Sealy International traded as low as $45.64 and last traded at $46.09. Approximately 2,010,532 shares traded hands during trading, an increase of 94% from the average daily volume of 1,033,861 shares. The stock had previously closed at $49.22.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Tuesday, February 20th. Raymond James Financial reiterated a “buy” rating on shares of Tempur Sealy International in a report on Thursday, December 7th. TheStreet downgraded Tempur Sealy International from a “b-” rating to a “c+” rating in a report on Thursday, February 22nd. SunTrust Banks reiterated a “hold” rating and issued a $51.00 price objective on shares of Tempur Sealy International in a report on Friday, February 23rd. Finally, Loop Capital assumed coverage on Tempur Sealy International in a report on Thursday, March 1st. They issued a “hold” rating and a $49.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $60.89.
In related news, 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 transaction of $1,582,181.55. Following the transaction, the executive vice president now owns 78,236 shares in the company, valued at approximately $5,084,557.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by insiders.
The company has a debt-to-equity ratio of 14.94, a quick ratio of 0.74 and a current ratio of 1.05. The firm has a market cap of $2,683.11, a PE ratio of 16.89, a price-to-earnings-growth ratio of 0.59 and a beta of 1.40.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). The firm had revenue of $648.20 million for the quarter, compared to the consensus estimate of $679.41 million. Tempur Sealy International had a net margin of 5.54% and a return on equity of 348.78%. The business’s revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.18 earnings per share. analysts expect that Tempur Sealy International Inc will post 3.79 EPS for the current fiscal year.
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.
Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.