Tempur Sealy International (TPX) Receives “Hold” Rating from Guggenheim

Guggenheim restated their hold rating on shares of Tempur Sealy International (NYSE:TPX) in a research note issued to investors on Thursday.

“We remain NEUTRAL, as there remains a high level of uncertainty in the marketplace, and we lower our estimates. Higher input costs, in part due to tariffs, should also continue to weigh on EBITDA.”,” Guggenheim’s analyst commented.

Several other research analysts have also weighed in on the stock. Loop Capital restated a sell rating on shares of Tempur Sealy International in a research report on Thursday. Zacks Investment Research lowered shares of Tempur Sealy International from a hold rating to a sell rating in a research report on Wednesday, October 24th. Wedbush set a $65.00 price target on shares of Tempur Sealy International and gave the company a buy rating in a report on Wednesday, October 3rd. UBS Group raised shares of Tempur Sealy International from a sell rating to a neutral rating and upped their price target for the company from $45.00 to $55.00 in a report on Wednesday, October 3rd. Finally, ValuEngine downgraded shares of Tempur Sealy International from a hold rating to a sell rating in a report on Friday, September 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Tempur Sealy International has a consensus rating of Hold and a consensus price target of $58.13.

TPX traded up $3.68 on Thursday, hitting $50.45. 1,504,569 shares of the company were exchanged, compared to its average volume of 1,055,458. The company has a current ratio of 1.18, a quick ratio of 0.79 and a debt-to-equity ratio of 10.80. Tempur Sealy International has a fifty-two week low of $41.10 and a fifty-two week high of $65.73. The firm has a market capitalization of $2.52 billion, a P/E ratio of 15.77, a PEG ratio of 0.73 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.16). Tempur Sealy International had a return on equity of 120.57% and a net margin of 5.21%. The company had revenue of $729.50 million for the quarter, compared to analyst estimates of $744.03 million. During the same quarter in the previous year, the company posted $1.01 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts predict that Tempur Sealy International will post 3.18 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Tempur Sealy International by 2.3% in the second quarter. BlackRock Inc. now owns 3,913,312 shares of the company’s stock valued at $188,036,000 after purchasing an additional 86,777 shares in the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Tempur Sealy International by 5.1% in the second quarter. Van Berkom & Associates Inc. now owns 1,362,366 shares of the company’s stock valued at $65,462,000 after purchasing an additional 66,621 shares in the last quarter. Vulcan Value Partners LLC lifted its holdings in shares of Tempur Sealy International by 128.6% in the second quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock valued at $64,808,000 after purchasing an additional 758,693 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Tempur Sealy International by 10.5% in the first quarter. Dimensional Fund Advisors LP now owns 783,537 shares of the company’s stock valued at $35,486,000 after purchasing an additional 74,467 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Tempur Sealy International by 65.0% during the second quarter. FMR LLC now owns 756,840 shares of the company’s stock valued at $36,366,000 after buying an additional 298,111 shares during the period.

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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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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