Zacks Investment Research downgraded shares of Tempur Sealy International (NYSE:TPX) from a buy rating to a hold rating in a report issued on Saturday.

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. “

A number of other research analysts have also recently commented on TPX. SunTrust Banks reissued a hold rating and issued a $60.00 price target on shares of Tempur Sealy International in a report on Monday, October 2nd. ValuEngine raised Tempur Sealy International from a hold rating to a buy rating in a report on Saturday, September 30th. Wedbush reissued a hold rating on shares of Tempur Sealy International in a report on Friday, December 8th. TheStreet raised Tempur Sealy International from a c rating to a b rating in a report on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a buy rating and issued a $80.00 price target on shares of Tempur Sealy International in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Tempur Sealy International presently has an average rating of Hold and an average price target of $62.67.

Tempur Sealy International (TPX) traded down $0.02 during midday trading on Friday, reaching $62.92. The company had a trading volume of 505,800 shares, compared to its average volume of 597,417. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03. Tempur Sealy International has a one year low of $39.57 and a one year high of $68.61. The stock has a market cap of $3,410.00, a PE ratio of 20.97, a PEG ratio of 1.07 and a beta of 1.54.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The company had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same period in the previous year, the firm earned $1.32 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. sell-side analysts predict that Tempur Sealy International will post 3.25 earnings per share for the current fiscal year.

In other news, EVP H Clifford Buster III acquired 18,800 shares of Tempur Sealy International stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $53.03 per share, with a total value of $996,964.00. Following the purchase, the executive vice president now directly owns 18,800 shares in the company, valued at approximately $996,964. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Richard W. Anderson sold 24,345 shares of Tempur Sealy International stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the completion of the sale, the executive vice president now directly owns 78,236 shares in the company, valued at approximately $5,084,557.64. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after purchasing an additional 373,986 shares during the last quarter. Greenlight Capital Inc. increased its position in shares of Tempur Sealy International by 900.0% during the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock valued at $258,080,000 after purchasing an additional 3,600,000 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. increased its position in shares of Tempur Sealy International by 5.1% during the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock valued at $156,548,000 after purchasing an additional 143,395 shares during the last quarter. Timucuan Asset Management Inc. FL increased its position in shares of Tempur Sealy International by 1.7% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock valued at $84,954,000 after purchasing an additional 26,135 shares during the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Tempur Sealy International by 0.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock valued at $56,354,000 after purchasing an additional 9,650 shares during the last quarter.

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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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