Tempur Sealy International (NYSE:TPX) had its target price cut by investment analysts at Piper Jaffray Companies from $75.00 to $66.00 in a research note issued to investors on Monday. The firm presently has an “overweight” rating on the stock. Piper Jaffray Companies’ price objective would indicate a potential upside of 34.36% from the stock’s current price.
Several other brokerages have also recently issued reports on TPX. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Friday, January 5th. Wedbush restated a “hold” rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Raymond James Financial restated a “buy” rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. SunTrust Banks restated a “hold” rating and set a $51.00 target price on shares of Tempur Sealy International in a research note on Friday, February 23rd. Finally, TheStreet cut Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $62.56.
Shares of Tempur Sealy International (TPX) traded down $2.38 on Monday, hitting $49.12. The stock had a trading volume of 1,515,418 shares, compared to its average volume of 1,250,000. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 14.94. The stock has a market cap of $2,670.00, a PE ratio of 21.08, a PEG ratio of 0.62 and a beta of 1.39. Tempur Sealy International has a fifty-two week low of $39.57 and a fifty-two week high of $68.05.
In related news, EVP Richard W. Anderson sold 24,345 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the completion of the sale, the executive vice president now owns 78,236 shares in the company, valued at $5,084,557.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP acquired a new position in Tempur Sealy International during the third quarter worth approximately $1,913,000. Aperio Group LLC increased its position in Tempur Sealy International by 23.6% during the third quarter. Aperio Group LLC now owns 15,187 shares of the company’s stock worth $980,000 after buying an additional 2,896 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Tempur Sealy International during the third quarter worth approximately $317,000. New York State Common Retirement Fund increased its position in Tempur Sealy International by 1.8% during the third quarter. New York State Common Retirement Fund now owns 104,200 shares of the company’s stock worth $6,723,000 after buying an additional 1,800 shares during the period. Finally, Rhumbline Advisers increased its position in Tempur Sealy International by 8.8% during the third quarter. Rhumbline Advisers now owns 92,938 shares of the company’s stock worth $5,996,000 after buying an additional 7,516 shares during the period.
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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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