Tempur Sealy International (NYSE:TPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $63.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 15.03% from the stock’s current price.
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 equities research analysts also recently issued reports on TPX. ValuEngine downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and issued a $80.00 target price on shares of Tempur Sealy International in a report on Friday, November 3rd. SunTrust Banks restated a “hold” rating and issued a $55.00 target price on shares of Tempur Sealy International in a report on Friday, November 3rd. TheStreet upgraded shares of Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Finally, Wedbush restated a “hold” rating on shares of Tempur Sealy International in a report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.00.
Tempur Sealy International (NYSE:TPX) traded up $0.57 during trading on Tuesday, reaching $54.77. 209,426 shares of the company were exchanged, compared to its average volume of 829,515. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05. The stock has a market capitalization of $2,936.59, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03.
In other Tempur Sealy International news, EVP Richard W. Anderson sold 24,345 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $64.99, for a total transaction 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 $5,084,557.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC grew its stake in 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 buying an additional 1,250 shares during the period. Tyers Asset Management LLC grew its stake in Tempur Sealy International by 33.6% during the fourth quarter. Tyers Asset Management LLC now owns 5,236 shares of the company’s stock worth $328,000 after buying an additional 1,316 shares during the period. ING Groep NV grew its stake in Tempur Sealy International by 23.7% during the fourth quarter. ING Groep NV now owns 6,949 shares of the company’s stock worth $436,000 after buying an additional 1,330 shares during the period. American International Group Inc. grew its stake in Tempur Sealy International by 1.6% during the fourth quarter. American International Group Inc. now owns 95,345 shares of the company’s stock worth $5,977,000 after buying an additional 1,488 shares during the period. Finally, Flinton Capital Management LLC grew its stake in Tempur Sealy International by 33.6% during the fourth quarter. Flinton Capital Management LLC now owns 6,358 shares of the company’s stock worth $399,000 after buying an additional 1,598 shares during the period.
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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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