Stifel Nicolaus upgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat Ratings reports. They currently have $80.00 target price on the stock, up from their previous target price of $60.00.

Several other analysts have also recently issued reports on TPX. Raymond James Financial, Inc. reiterated a strong-buy rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, June 28th. Wedbush set a $45.00 price objective on Tempur Sealy International and gave the company a hold rating in a research note on Wednesday, May 31st. BidaskClub upgraded Tempur Sealy International from a hold rating to a buy rating in a research note on Saturday, June 24th. Tigress Financial cut Tempur Sealy International from a buy rating to a neutral rating in a research note on Thursday, May 18th. Finally, SunTrust Banks, Inc. upgraded Tempur Sealy International from a sell rating to a hold rating and set a $43.00 price objective on the stock in a research note on Monday, May 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Tempur Sealy International presently has an average rating of Hold and an average price target of $63.10.

Tempur Sealy International (NYSE:TPX) opened at 61.22 on Tuesday. The company’s 50 day moving average price is $57.54 and its 200-day moving average price is $49.48. Tempur Sealy International has a one year low of $39.57 and a one year high of $82.32. The company has a market cap of $3.30 billion, a P/E ratio of 17.26 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. During the same period last year, the business posted $0.92 earnings per share. The company’s quarterly revenue was down 18.0% on a year-over-year basis. On average, analysts forecast that Tempur Sealy International will post $3.30 EPS for the current fiscal year.

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In related news, Director Usman Nabi purchased 100,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average price of $47.37 per share, with a total value of $4,737,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. IHT Wealth Management LLC bought a new position in Tempur Sealy International during the second quarter worth about $446,000. PNC Financial Services Group Inc. raised its position in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tempur Sealy International by 12.1% in 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 in the last quarter. Sei Investments Co. raised its position in Tempur Sealy International by 23.1% in 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 in the last quarter. Finally, NEXT Financial Group Inc raised its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after buying an additional 2,375 shares in 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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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