Zacks Investment Research cut shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “

Several other analysts have also recently commented on the company. SunTrust Banks, Inc. restated a hold rating and set a $60.00 target price on shares of Tempur Sealy International in a report on Monday, October 2nd. ValuEngine upgraded Tempur Sealy International from a hold rating to a buy rating in a report on Saturday, September 30th. Bank of America Corporation restated a buy rating and set a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Stifel Nicolaus upgraded Tempur Sealy International from a hold rating to a buy rating and increased their target price for the stock from $60.00 to $80.00 in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies upgraded Tempur Sealy International from a neutral rating to an overweight rating and increased their target price for the stock from $61.00 to $80.00 in a report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Tempur Sealy International has an average rating of Hold and an average target price of $63.00.

Shares of Tempur Sealy International (NYSE:TPX) opened at 65.01 on Thursday. The company has a 50-day moving average of $62.23 and a 200 day moving average of $53.04. The firm has a market cap of $3.51 billion, a P/E ratio of 18.33 and a beta of 1.67. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $70.45.

Tempur Sealy International (NYSE:TPX) last announced its 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. The company had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business’s revenue for the quarter was down 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. Equities analysts predict that Tempur Sealy International will post $3.28 EPS for the current year.

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Institutional investors have recently bought and sold shares of the stock. IHT Wealth Management LLC bought a new position in Tempur Sealy International in the second quarter valued at about $446,000. PNC Financial Services Group Inc. boosted its holdings 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 valued at $100,000 after acquiring an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings 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 valued at $116,000 after acquiring an additional 234 shares during the last quarter. Sei Investments Co. boosted its holdings in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after acquiring an additional 421 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings 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 valued at $128,000 after acquiring an additional 2,375 shares during the last quarter.

About Tempur Sealy International

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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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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