Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage currently has a $69.00 price objective on the stock. Zacks Investment Research‘s target price points to a potential upside of 14.24% 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. “

Several other equities research analysts have also recently weighed in on the company. Bank of America Corporation reissued a “buy” rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Stifel Nicolaus raised Tempur Sealy International from a “hold” rating to a “buy” rating and raised their target price for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $61.00 to $80.00 in a research report on Monday, August 14th. BidaskClub raised 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. reaffirmed a “strong-buy” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Two 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 stock. Tempur Sealy International currently has an average rating of “Hold” and a consensus target price of $65.09.

Shares of Tempur Sealy International (NYSE TPX) opened at 60.40 on Friday. 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 $3.26 billion, a PE ratio of 17.03 and a beta of 1.64. The company has a 50-day moving average of $60.64 and a 200 day moving average of $51.02.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $659.30 million during the quarter, compared to analysts’ expectations of $661.65 million. During the same period in the prior year, the business earned $0.92 earnings per share. Tempur Sealy International’s revenue for the quarter was down 18.0% compared to the same quarter last year. On average, analysts predict that Tempur Sealy International will post $3.29 EPS for the current year.

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