Tempur Sealy International (NYSE:TPX)‘s stock had its “buy” rating reissued by investment analysts at Raymond James Financial in a research report issued on Thursday.

Other equities analysts also recently issued research reports about the company. TheStreet raised Tempur Sealy International from a “c” rating to a “b” rating in a research report on Thursday, November 2nd. Stifel Nicolaus raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised Tempur Sealy International from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Friday, August 18th. Bank of America 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. Finally, ValuEngine raised Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $61.33.

Shares of Tempur Sealy International (NYSE:TPX) traded up $0.57 on Thursday, hitting $58.75. The stock had a trading volume of 939,800 shares, compared to its average volume of 1,346,060. The firm has a market cap of $3,152.23, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. Tempur Sealy International has a one year low of $39.57 and a one year high of $70.45. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The firm had revenue of $724.80 million for the quarter, compared to the consensus estimate of $756.10 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The firm’s revenue was down 12.9% on a year-over-year basis. equities analysts predict that Tempur Sealy International will post 3.25 earnings per share for the current year.

In other news, EVP H Clifford Buster III acquired 18,800 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average cost of $53.03 per share, for a total transaction of $996,964.00. Following the completion of the transaction, the executive vice president now directly owns 18,800 shares in the company, valued at $996,964. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Scott L. Thompson acquired 19,565 shares of the stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the transaction, the chief executive officer now owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth about $446,000. Capital Guardian Trust Co. bought a new position in Tempur Sealy International during the third quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tempur Sealy International by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after buying an additional 234 shares during the last quarter. Sei Investments Co. boosted its holdings in Tempur Sealy International by 23.1% during the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after buying an additional 421 shares during the last quarter. Finally, World Asset Management Inc bought a new position in Tempur Sealy International during the third quarter worth about $202,000.

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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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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