Tempur Sealy International (TPX) Reaches New 1-Year High and Low at $41.52

Shares of Tempur Sealy International (NYSE:TPX) hit a new 52-week high and low on Thursday . The company traded as low as $41.52 and last traded at $41.89, with a volume of 485824 shares. The stock had previously closed at $43.29.

A number of analysts have weighed in on TPX shares. Zacks Investment Research raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Friday, January 5th. Wedbush raised shares of Tempur Sealy International from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $60.00 to $65.00 in a report on Wednesday, February 7th. UBS reissued a “sell” rating and set a $49.00 target price (down from $54.00) on shares of Tempur Sealy International in a report on Friday, February 23rd. TheStreet cut shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, SunTrust Banks reissued a “hold” rating and set a $51.00 target price on shares of Tempur Sealy International in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $59.44.

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The stock has a market capitalization of $2,351.72, a P/E ratio of 13.18, a PEG ratio of 0.54 and a beta of 1.34. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 14.94.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The firm had revenue of $648.20 million for the quarter, compared to the consensus estimate of $679.41 million. Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. The firm’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.18 EPS. sell-side analysts forecast that Tempur Sealy International will post 3.63 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $284,000. Envestnet Asset Management Inc. grew its position in shares of Tempur Sealy International by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 37,386 shares of the company’s stock worth $2,344,000 after acquiring an additional 1,475 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $6,012,000. Sterling Capital Management LLC grew its position in shares of Tempur Sealy International by 2.2% during the fourth quarter. Sterling Capital Management LLC now owns 57,345 shares of the company’s stock worth $3,595,000 after acquiring an additional 1,250 shares during the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of Tempur Sealy International during the fourth quarter worth about $1,827,000.

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About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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