Loop Capital Downgrades Tempur Sealy International (TPX) to Sell

Loop Capital cut shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a sell rating in a research note released on Monday morning, Marketbeat.com reports. The brokerage currently has $36.00 price objective on the stock, down from their prior price objective of $49.00.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus reaffirmed a buy rating and set a $65.00 price target (down from $68.00) on shares of Tempur Sealy International in a research report on Thursday, March 15th. Zacks Investment Research raised Tempur Sealy International from a hold rating to a buy rating and set a $70.00 price target on the stock in a research report on Thursday, January 11th. TheStreet downgraded Tempur Sealy International from a b- rating to a c+ rating in a research report on Thursday, February 22nd. SunTrust Banks reaffirmed a hold rating and set a $51.00 price target on shares of Tempur Sealy International in a research report on Friday, February 23rd. Finally, Wedbush raised Tempur Sealy International from a neutral rating to an outperform rating and upped their price target for the stock from $60.00 to $65.00 in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, four 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 an average rating of Hold and a consensus target price of $59.44.

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Shares of TPX stock opened at $43.41 on Monday. The firm has a market cap of $2,390.29, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.34. 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 has a 12-month low of $39.57 and a 12-month high of $68.05.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The business had revenue of $648.20 million for the quarter, compared to analyst estimates of $679.41 million. Tempur Sealy International had a return on equity of 348.78% and a net margin of 5.54%. The business’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 posted $1.18 earnings per share. analysts predict that Tempur Sealy International will post 3.63 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in TPX. The Manufacturers Life Insurance Company grew its holdings in shares of Tempur Sealy International by 4.1% during 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 buying an additional 281,668 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Tempur Sealy International by 66.6% during the third quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock valued at $44,296,000 after buying an additional 274,500 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Tempur Sealy International by 34,565.1% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 269,001 shares of the company’s stock valued at $16,863,000 after buying an additional 268,225 shares during the last quarter. LSV Asset Management grew its holdings in shares of Tempur Sealy International by 313.7% during the fourth quarter. LSV Asset Management now owns 346,650 shares of the company’s stock valued at $21,731,000 after buying an additional 262,850 shares during the last quarter. Finally, Eaton Vance Management grew its holdings in shares of Tempur Sealy International by 162.0% during the fourth quarter. Eaton Vance Management now owns 228,498 shares of the company’s stock valued at $14,325,000 after buying an additional 141,300 shares during 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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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