Loop Capital reaffirmed their sell rating on shares of Tempur Sealy International (NYSE:TPX) in a research note released on Thursday morning.
Several other analysts have also recently issued reports on TPX. Zacks Investment Research cut shares of Tempur Sealy International from a hold rating to a sell rating in a research note on Wednesday, October 24th. ValuEngine cut shares of Tempur Sealy International from a sell rating to a strong sell rating in a research note on Saturday, July 28th. Bank of America dropped their price objective on shares of Tempur Sealy International from $85.00 to $75.00 and set a buy rating for the company in a research note on Friday, July 27th. Wedbush set a $65.00 price objective on shares of Tempur Sealy International and gave the company a buy rating in a research note on Monday, August 20th. Finally, UBS Group raised shares of Tempur Sealy International from a sell rating to a neutral rating and upped their price objective for the company from $45.00 to $55.00 in a research note on Wednesday, October 3rd. 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 company. Tempur Sealy International currently has a consensus rating of Hold and an average price target of $58.13.
Shares of TPX traded up $3.68 during mid-day trading on Thursday, hitting $50.45. 1,504,569 shares of the company were exchanged, compared to its average volume of 1,055,458. Tempur Sealy International has a 1-year low of $41.10 and a 1-year high of $65.73. The company has a quick ratio of 0.79, a current ratio of 1.18 and a debt-to-equity ratio of 10.80. The company has a market cap of $2.52 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.56.
Tempur Sealy International (NYSE:TPX) last released its quarterly 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 last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Tempur Sealy International will post 3.18 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of TPX. Captrust Financial Advisors grew its stake in shares of Tempur Sealy International by 111.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,880 shares of the company’s stock valued at $138,000 after buying an additional 1,516 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Tempur Sealy International in the 2nd quarter valued at approximately $174,000. Cubist Systematic Strategies LLC grew its stake in shares of Tempur Sealy International by 90.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock valued at $202,000 after buying an additional 2,003 shares during the period. Lourd Capital LLC purchased a new stake in shares of Tempur Sealy International in the 3rd quarter valued at approximately $215,000. Finally, First Hawaiian Bank purchased a new stake in shares of Tempur Sealy International in the 3rd quarter valued at approximately $218,000.
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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