Tempur Sealy International, Inc. (TPX) Lifted to Hold at Zacks Investment Research
Tempur Sealy International, Inc. (NYSE:TPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
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. “
Other analysts have also issued research reports about the stock. SunTrust Banks, Inc. reiterated a “hold” rating and set a $55.00 price objective on shares of Tempur Sealy International in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective on shares of Tempur Sealy International in a research note on Friday. BidaskClub upgraded shares of Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. ValuEngine lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Piper Jaffray Companies upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $61.00 to $80.00 in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.44.
Tempur Sealy International (NYSE TPX) opened at $53.92 on Friday. The stock has a market cap of $2,965.44, a price-to-earnings ratio of 15.33, a P/E/G ratio of 1.12 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.84 and a current ratio of 1.08.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The business’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. research analysts predict that Tempur Sealy International will post 3.26 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Morgan Stanley grew its stake in shares of Tempur Sealy International by 99.6% in the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after buying an additional 116,718 shares in the last quarter. SG Americas Securities LLC boosted its position in Tempur Sealy International by 22.3% during the second quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after purchasing an additional 5,394 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Tempur Sealy International by 3.8% during the second quarter. Principal Financial Group Inc. now owns 200,825 shares of the company’s stock worth $10,722,000 after buying an additional 7,274 shares during the last quarter. BlackRock Inc. raised its stake in Tempur Sealy International by 15,212.6% during the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after acquiring an additional 3,759,339 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Tempur Sealy International by 2.4% during the first quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after purchasing an additional 8,185 shares during the last quarter.
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.
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