Tempur Sealy International’s (TPX) “Buy” Rating Reiterated at Raymond James Financial
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.
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.
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