Zacks Investment Research cut shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a sell rating in a research report sent to investors on Tuesday 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. “
Other equities research analysts have also issued research reports about the company. Piper Jaffray Companies cut their target price on Tempur Sealy International from $75.00 to $66.00 and set an overweight rating on the stock in a research report on Monday. UBS Group restated a sell rating and set a $49.00 price target (down previously from $54.00) on shares of Tempur Sealy International in a research note on Friday, February 23rd. Wedbush upgraded Tempur Sealy International from a neutral rating to an outperform rating and raised their price target for the stock from $60.00 to $65.00 in a research note on Wednesday, February 7th. Loop Capital started coverage on Tempur Sealy International in a research note on Thursday, March 1st. They set a hold rating and a $49.00 price target on the stock. Finally, SunTrust Banks restated a hold rating and set a $51.00 price target on shares of Tempur Sealy International in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $62.56.
Shares of Tempur Sealy International (NYSE:TPX) opened at $49.39 on Tuesday. The company has a debt-to-equity ratio of 14.94, a quick ratio of 0.74 and a current ratio of 1.05. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $68.05. The firm has a market capitalization of $2,680.00, a PE ratio of 21.20, a PEG ratio of 0.62 and a beta of 1.39.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. The business had revenue of $648.20 million for the quarter, compared to analyst estimates of $679.41 million. During the same period last year, the business posted $1.18 EPS. Tempur Sealy International’s revenue was down 15.9% on a year-over-year basis. research analysts forecast that Tempur Sealy International will post 3.79 earnings per share for the current fiscal year.
In other Tempur Sealy International news, 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 transaction, the executive vice president now directly owns 78,236 shares in the company, valued at approximately $5,084,557.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in TPX. Captrust Financial Advisors purchased a new position in shares of Tempur Sealy International in the 4th quarter valued at approximately $122,000. Capital Guardian Trust Co. purchased a new position in shares of Tempur Sealy International in the 3rd quarter valued at approximately $132,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Tempur Sealy International in the 4th quarter valued at approximately $167,000. State of Alaska Department of Revenue purchased a new position in shares of Tempur Sealy International in the 4th quarter valued at approximately $218,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Tempur Sealy International in the 3rd quarter valued at approximately $219,000.
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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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