Tempur Sealy International (TPX) Downgraded by Zacks Investment Research to Sell

Tempur Sealy International (NYSE:TPX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

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 firms also recently commented on TPX. ValuEngine upgraded Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Wedbush reiterated an “outperform” rating and issued a $65.00 target price on shares of Tempur Sealy International in a research report on Friday, February 15th. Guggenheim downgraded Tempur Sealy International from a “buy” rating to a “neutral” rating and set a $56.08 target price on the stock. in a research report on Thursday, February 14th. Finally, Barclays started coverage on Tempur Sealy International in a research report on Monday, January 28th. They issued an “overweight” rating and a $70.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Tempur Sealy International currently has an average rating of “Hold” and a consensus target price of $60.87.

Shares of NYSE:TPX traded down $1.53 during mid-day trading on Wednesday, reaching $61.19. The stock had a trading volume of 29,928 shares, compared to its average volume of 800,603. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 7.35. The company has a market capitalization of $3.42 billion, a P/E ratio of 20.67, a P/E/G ratio of 0.87 and a beta of 1.86. Tempur Sealy International has a 1 year low of $38.90 and a 1 year high of $64.90.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, February 14th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.07). The firm had revenue of $676.10 million during the quarter, compared to analysts’ expectations of $659.74 million. Tempur Sealy International had a return on equity of 86.53% and a net margin of 3.69%. Tempur Sealy International’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, research analysts forecast that Tempur Sealy International will post 3.43 earnings per share for the current year.

In other Tempur Sealy International news, Director Evelyn S. Dilsaver sold 545 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $56.10, for a total transaction of $30,574.50. Following the sale, the director now directly owns 19,803 shares in the company, valued at $1,110,948.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert B. Trussell, Jr. sold 11,744 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $58.08, for a total value of $682,091.52. Following the sale, the director now owns 17,260 shares in the company, valued at $1,002,460.80. The disclosure for this sale can be found here. Corporate insiders own 3.23% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of Tempur Sealy International by 15.0% during the fourth quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock valued at $62,000 after buying an additional 196 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Tempur Sealy International by 1.7% during the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock valued at $709,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Tempur Sealy International by 14.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock valued at $80,000 after buying an additional 248 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Tempur Sealy International by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 59,354 shares of the company’s stock valued at $2,457,000 after buying an additional 258 shares during the last quarter. Finally, American International Group Inc. grew its stake in shares of Tempur Sealy International by 0.4% during the fourth quarter. American International Group Inc. now owns 93,601 shares of the company’s stock valued at $3,875,000 after buying an additional 351 shares during the last quarter.

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 foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

Featured Article: How is the S&P 500 index different from the DJIA?

Get a free copy of the Zacks research report on Tempur Sealy International (TPX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.