Stifel Nicolaus restated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Thursday. The brokerage currently has a $65.00 price target on the stock, down from their prior price target of $68.00.
Several other equities research analysts have also recently weighed in on TPX. Wedbush reaffirmed a hold rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Raymond James Financial reissued a buy rating on shares of Tempur Sealy International in a research note on Thursday, December 7th. Zacks Investment Research raised Tempur Sealy International from a hold rating to a buy rating and set a $72.00 target price on the stock in a research note on Friday, January 5th. UBS Group reissued a sell rating and issued a $49.00 target price (down from $54.00) on shares of Tempur Sealy International in a research note on Friday, February 23rd. Finally, TheStreet cut Tempur Sealy International from a b- rating to a c+ rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Tempur Sealy International has an average rating of Hold and a consensus price target of $60.89.
Shares of Tempur Sealy International (NYSE:TPX) traded up $0.60 during mid-day trading on Thursday, reaching $46.69. The company had a trading volume of 742,036 shares, compared to its average volume of 1,016,869. The stock has a market capitalization of $2,673.87, a PE ratio of 16.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $68.05. 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 (NYSE:TPX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). The firm had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $679.41 million. Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. Tempur Sealy International’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 earnings per share. equities research analysts predict that Tempur Sealy International will post 3.72 earnings per share for the current year.
In other news, EVP Richard W. Anderson sold 24,345 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total transaction of $1,582,181.55. Following the transaction, the executive vice president now directly owns 78,236 shares of the company’s stock, valued at $5,084,557.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.
Several large investors have recently made changes to their positions in TPX. Greenlight Capital Inc. lifted its holdings in Tempur Sealy International by 900.0% in the third quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock valued at $258,080,000 after acquiring an additional 3,600,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Tempur Sealy International by 4.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 7,174,247 shares of the company’s stock valued at $449,754,000 after acquiring an additional 281,668 shares during the period. Dimensional Fund Advisors LP lifted its holdings 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 valued at $44,296,000 after acquiring an additional 274,500 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Tempur Sealy International by 34,565.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 269,001 shares of the company’s stock worth $16,863,000 after buying an additional 268,225 shares during the period. Finally, LSV Asset Management raised its stake in shares of Tempur Sealy International by 313.7% in the fourth quarter. LSV Asset Management now owns 346,650 shares of the company’s stock worth $21,731,000 after buying an additional 262,850 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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