Tempur Sealy International (NYSE:TPX) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday.
Several other equities analysts have also issued reports on TPX. Guggenheim restated a “hold” rating on shares of Tempur Sealy International in a research note on Thursday, May 3rd. Stifel Nicolaus lowered their price target on Tempur Sealy International from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, May 4th. Zacks Investment Research upgraded Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 17th. Loop Capital began coverage on Tempur Sealy International in a research note on Thursday, March 1st. They set a “hold” rating and a $49.00 price target on the stock. Finally, SunTrust Banks lowered their price target on Tempur Sealy International to $45.00 and set a “hold” rating on the stock in a research note on Monday, May 7th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Tempur Sealy International currently has a consensus rating of “Hold” and an average target price of $58.22.
Tempur Sealy International traded down $0.89, hitting $50.24, on Tuesday, according to Marketbeat. 1,014,300 shares of the stock traded hands, compared to its average volume of 1,059,748. Tempur Sealy International has a 52 week low of $41.10 and a 52 week high of $68.05. The company has a quick ratio of 0.78, a current ratio of 1.16 and a debt-to-equity ratio of 11.97. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 0.68 and a beta of 1.39.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, May 3rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.04). Tempur Sealy International had a net margin of 5.29% and a return on equity of 161.62%. The firm had revenue of $648.00 million for the quarter, compared to the consensus estimate of $634.33 million. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The company’s revenue was down 10.3% on a year-over-year basis. equities research analysts expect that Tempur Sealy International will post 3.45 EPS for the current year.
In related news, major shareholder Rehan Jaffer acquired 688,800 shares of the stock in a transaction dated Wednesday, May 9th. The shares were bought at an average cost of $44.60 per share, for a total transaction of $30,720,480.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.63% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TPX. Captrust Financial Advisors bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at approximately $122,000. Tyvor Capital LLC bought a new stake in shares of Tempur Sealy International in the 1st quarter valued at approximately $158,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at approximately $167,000. Victory Capital Management Inc. acquired a new position in shares of Tempur Sealy International in the 1st quarter worth approximately $183,000. Finally, Verition Fund Management LLC acquired a new position in shares of Tempur Sealy International in the 1st quarter worth approximately $212,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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