Tempur Sealy International (NYSE:TPX) has received an average rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $59.57.
A number of research firms recently issued reports on TPX. ValuEngine downgraded shares of Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. SunTrust Banks reissued a “hold” rating and issued a $51.00 target price on shares of Tempur Sealy International in a research note on Friday, February 23rd. Loop Capital started coverage on shares of Tempur Sealy International in a research note on Thursday, March 1st. They issued a “hold” rating and a $49.00 target price on the stock. Finally, TheStreet downgraded shares of Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday, February 22nd.
Tempur Sealy International stock traded up $0.68 during mid-day trading on Friday, reaching $42.46. 841,859 shares of the company’s stock traded hands, compared to its average volume of 957,568. The company has a market cap of $2,270.78, a price-to-earnings ratio of 13.27, a PEG ratio of 0.52 and a beta of 1.34. 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 has a 12-month low of $41.10 and a 12-month high of $68.05.
Tempur Sealy International (NYSE:TPX) last released 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). The business had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $679.41 million. Tempur Sealy International had a net margin of 5.54% and a return on equity of 348.78%. 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 previous year, the company earned $1.18 EPS. equities research analysts anticipate that Tempur Sealy International will post 3.63 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in TPX. The Manufacturers Life Insurance Company raised its stake in shares of 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 raised its stake in shares of 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 valued at $16,863,000 after acquiring an additional 268,225 shares during the period. LSV Asset Management increased its stake in Tempur Sealy International by 313.7% in the 4th 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. Finally, Eaton Vance Management increased its stake in Tempur Sealy International by 162.0% in the 4th quarter. Eaton Vance Management now owns 228,498 shares of the company’s stock worth $14,325,000 after buying an additional 141,300 shares during the period.
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About Tempur Sealy International
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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