Tempur Sealy International Sees Unusually Large Options Volume (TPX)
Shares of Tempur Sealy International (NYSE:TPX) were the target of unusually large options trading on Wednesday. Stock traders purchased 384 call options on the company, Stock Ratings Network reports. This is an increase of 121% compared to the typical volume of 174 call options.
A number of analysts have recently weighed in on TPX shares. Analysts at Bank of America reiterated a “positive” rating on shares of Tempur Sealy International in a research note on Monday, June 16th. Separately, analysts at TheStreet upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday, June 11th. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Tempur Sealy International in a research note on Monday, May 12th. They now have a $63.00 price target on the stock, up previously from $60.00. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $56.01.
Shares of Tempur Sealy International (NYSE:TPX) traded up 1.35% on Wednesday, hitting $60.05. 866,582 shares of the company’s stock traded hands. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $60.78. The stock’s 50-day moving average is $57.3 and its 200-day moving average is $52.04. The company has a market cap of $4.233 billion and a price-to-earnings ratio of 39.01.
Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, May 1st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.01. The company had revenue of $701.90 million for the quarter, compared to the consensus estimate of $683.27 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 79.9% on a year-over-year basis. On average, analysts predict that Tempur Sealy International will post $2.78 earnings per share for the current fiscal year.
Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures and markets mattresses, foundations, pillows and other products.
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