Tempur Sealy International, Inc. (NYSE:TPX) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.

TPX has been the subject of several other research reports. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Bank of America Corporation restated 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. Finally, Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International currently has an average rating of “Hold” and an average price target of $63.00.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.02. The business had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The company’s revenue was down 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS.

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A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after buying an additional 373,986 shares during the last quarter. BlackRock Inc. raised its position in Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in Tempur Sealy International by 5.1% during the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock worth $156,548,000 after buying an additional 143,395 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in 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 worth $84,954,000 after buying an additional 26,135 shares during the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in Tempur Sealy International by 0.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock worth $56,354,000 after buying an additional 9,650 shares during the last quarter.

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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