Raymond James Financial reiterated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a research note published on Thursday morning.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Tempur Sealy International from a hold rating to a sell rating in a research report on Tuesday, October 24th. Bank of America reaffirmed a buy rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. SunTrust Banks reaffirmed a hold rating and set a $55.00 price objective on shares of Tempur Sealy International in a research report on Friday, November 3rd. ValuEngine lowered shares of Tempur Sealy International from a buy rating to a hold rating in a research report on Thursday, November 2nd. Finally, Stifel Nicolaus reiterated a buy rating and set 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 issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Tempur Sealy International currently has a consensus rating of Hold and an average price target of $61.33.
Tempur Sealy International (NYSE:TPX) opened at $58.79 on Thursday. The firm has a market cap of $3,190.00, a P/E ratio of 16.36, a P/E/G ratio of 1.20 and a beta of 1.53. 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 52-week low of $39.57 and a 52-week high of $70.45.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.32 earnings per share. equities analysts expect that Tempur Sealy International will post 3.25 EPS for the current year.
In related news, CEO Scott L. Thompson acquired 19,565 shares of the stock in a transaction dated Tuesday, November 7th. The shares were acquired at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the purchase, the chief executive officer now owns 245,019 shares in the company, valued at approximately $12,542,522.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP H Clifford Buster III acquired 18,800 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares of the company’s stock, valued at approximately $996,964. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
Several institutional investors have recently made changes to their positions in TPX. Greenlight Capital Inc. grew its stake in shares of Tempur Sealy International by 900.0% in the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after acquiring an additional 3,600,000 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Tempur Sealy International by 1,821.2% in the second quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock worth $29,579,000 after acquiring an additional 525,190 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Tempur Sealy International by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after acquiring an additional 373,986 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of Tempur Sealy International in the second quarter worth $16,017,000. Finally, Dimensional Fund Advisors LP lifted its position in Tempur Sealy International by 66.6% in the third quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after purchasing an additional 274,500 shares during the period.
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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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