Stifel Nicolaus reiterated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a research report report published on Thursday, March 15th, MarketBeat Ratings reports. Stifel Nicolaus currently has a $65.00 price objective on the stock, down from their prior price objective of $68.00.
Several other equities research analysts have also recently issued reports on TPX. Zacks Investment Research cut Tempur Sealy International from a hold rating to a sell rating in a report on Tuesday, March 13th. Loop Capital began coverage on Tempur Sealy International in a research report on Thursday, March 1st. They issued a hold rating and a $49.00 price target for the company. SunTrust Banks reiterated a hold rating and issued a $51.00 price target on shares of Tempur Sealy International in a research report on Friday, February 23rd. Piper Jaffray Companies dropped their target price on Tempur Sealy International from $75.00 to $66.00 and set an overweight rating for the company in a research report on Monday, March 12th. Finally, Wedbush restated a hold rating on shares of Tempur Sealy International in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $60.89.
TPX stock traded down $0.26 during mid-day trading on Thursday, hitting $44.80. The stock had a trading volume of 344,593 shares, compared to its average volume of 1,018,612. The stock has a market cap of $2,499.49, a P/E ratio of 16.15, a P/E/G ratio of 0.57 and a beta of 1.40. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05. 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 announced its earnings results on Thursday, February 22nd. The company reported $0.79 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). The company had revenue of $648.20 million during 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%. Tempur Sealy International’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.18 earnings per share. sell-side analysts expect that Tempur Sealy International will post 3.7 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Tempur Sealy International during the 4th quarter worth about $284,000. Envestnet Asset Management Inc. raised its position in shares of Tempur Sealy International by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 37,386 shares of the company’s stock worth $2,344,000 after purchasing 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 acquired a new position in shares of Tempur Sealy International during the 4th quarter worth about $6,012,000. Sterling Capital Management LLC raised its position in shares of Tempur Sealy International by 2.2% during the 4th quarter. Sterling Capital Management LLC now owns 57,345 shares of the company’s stock worth $3,595,000 after purchasing an additional 1,250 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new position in shares of Tempur Sealy International during the 4th quarter worth about $1,827,000.
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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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