Tempur Sealy International, Inc. (TPX) Upgraded at Stifel Nicolaus
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.
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