Tempur Sealy International, Inc. (TPX) Raised to B at TheStreet
A number of other research analysts have also recently commented on TPX. Stifel Nicolaus reaffirmed a hold rating and issued a $47.00 target price on shares of Tempur Sealy International in a research report on Friday, July 14th. Piper Jaffray Companies set a $61.00 target price on shares of Tempur Sealy International and gave the company a hold rating in a research report on Thursday, July 27th. BidaskClub raised shares of Tempur Sealy International from a buy rating to a strong-buy rating in a research report on Monday, July 31st. Zacks Investment Research raised shares of Tempur Sealy International from a hold rating to a buy rating and set a $65.00 target price on the stock in a research report on Wednesday, August 2nd. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $62.44.
Tempur Sealy International (TPX) traded down $2.19 during midday trading on Thursday, reaching $51.73. 1,442,508 shares of the company’s stock were exchanged, compared to its average volume of 1,181,744. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. The company has a market cap of $2,906.15, a price-to-earnings ratio of 15.02, a PEG ratio of 1.09 and a beta of 1.60.
Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. Tempur Sealy International’s revenue for the quarter was down 12.9% compared to the same quarter last year. sell-side analysts expect that Tempur Sealy International will post 3.28 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC acquired a new stake in shares of Tempur Sealy International during the second quarter worth about $446,000. PNC Financial Services Group Inc. raised 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised 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 in the last quarter. Sei Investments Co. raised 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 in the last quarter. Finally, NEXT Financial Group Inc raised 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 in 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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