Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $68.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 9.01% from the stock’s current price.

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 research analysts also recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Stifel Nicolaus raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Piper Jaffray Companies raised shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $61.00 to $80.00 in a research report on Monday, August 14th. BidaskClub raised shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $55.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $65.00.

Tempur Sealy International (NYSE TPX) traded up 2.48% during midday trading on Friday, hitting $62.38. The company’s stock had a trading volume of 1,591,709 shares. The company’s 50 day moving average price is $60.10 and its 200 day moving average price is $50.61. The firm has a market cap of $3.37 billion, a P/E ratio of 17.59 and a beta of 1.64. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $78.44.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. 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 previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was down 18.0% compared to the same quarter last year. Analysts expect that Tempur Sealy International will post $3.29 EPS for the current year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. USA Financial Portformulas Corp lifted its stake in shares of Tempur Sealy International by 40.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 8,303 shares of the company’s stock valued at $443,000 after buying an additional 2,383 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Tempur Sealy International during the 2nd quarter valued at $298,000. Sterling Capital Management LLC lifted its stake in shares of Tempur Sealy International by 9.4% during the 2nd quarter. Sterling Capital Management LLC now owns 50,700 shares of the company’s stock valued at $2,707,000 after buying an additional 4,363 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its stake in shares of Tempur Sealy International by 1.7% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock valued at $84,954,000 after buying an additional 26,135 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Tempur Sealy International during the 2nd quarter valued at $404,000.

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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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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