Stifel Nicolaus reissued their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a research note issued to investors on Thursday, March 15th, Marketbeat Ratings reports. The firm currently has a $65.00 target price on the stock, down from their previous target price of $68.00.
A number of other research analysts also recently issued reports on TPX. Zacks Investment Research downgraded Tempur Sealy International from a hold rating to a sell rating in a report on Tuesday, March 13th. SunTrust Banks reissued a hold rating and issued a $51.00 price target on shares of Tempur Sealy International in a report on Friday, February 23rd. Loop Capital initiated coverage on Tempur Sealy International in a report on Thursday, March 1st. They issued a hold rating and a $49.00 price target for the company. Wedbush reaffirmed a hold rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Finally, TheStreet downgraded Tempur Sealy International from a b- rating to a c+ rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Tempur Sealy International currently has a consensus rating of Hold and an average target price of $60.89.
NYSE TPX traded down $0.94 during trading hours on Thursday, reaching $44.76. The stock had a trading volume of 447,576 shares, compared to its average volume of 873,415. The firm has a market cap of $2,482.65, a P/E ratio of 14.28, a P/E/G ratio of 0.57 and a beta of 1.34. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $68.05. The company has a quick ratio of 0.74, a current ratio of 1.05 and a debt-to-equity ratio of 14.94.
Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.03). Tempur Sealy International had a net margin of 5.54% and a return on equity of 348.78%. The company had revenue of $648.20 million during the quarter, compared to analyst estimates of $679.41 million. During the same period in the previous year, the firm posted $1.18 earnings per share. The company’s revenue was down 15.9% compared to the same quarter last year. research analysts expect that Tempur Sealy International will post 3.65 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. Sterling Capital Management LLC grew its holdings in Tempur Sealy International by 2.2% in the 4th quarter. Sterling Capital Management LLC now owns 57,345 shares of the company’s stock valued at $3,595,000 after buying an additional 1,250 shares in the last quarter. ING Groep NV grew its holdings in Tempur Sealy International by 23.7% in the 4th quarter. ING Groep NV now owns 6,949 shares of the company’s stock valued at $436,000 after buying an additional 1,330 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Tempur Sealy International by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 37,386 shares of the company’s stock valued at $2,344,000 after buying an additional 1,475 shares in the last quarter. American International Group Inc. grew its holdings in Tempur Sealy International by 1.6% in the 4th quarter. American International Group Inc. now owns 95,345 shares of the company’s stock valued at $5,977,000 after buying an additional 1,488 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in Tempur Sealy International by 33.6% in the 4th quarter. Flinton Capital Management LLC now owns 6,358 shares of the company’s stock valued at $399,000 after buying an additional 1,598 shares in the last quarter.
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Tempur Sealy International Company Profile
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 bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.
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