Raymond James Financial reiterated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a report issued on Thursday.

A number of other brokerages have also recently weighed in on TPX. Zacks Investment Research cut shares of Tempur Sealy International from a buy rating to a hold rating in a report on Thursday, October 5th. ValuEngine upgraded shares of Tempur Sealy International from a hold rating to a buy rating in a report on Saturday, September 30th. SunTrust Banks restated a hold rating and issued a $60.00 price objective on shares of Tempur Sealy International in a report on Monday, October 2nd. Finally, Stifel Nicolaus upgraded shares of Tempur Sealy International from a hold rating to a buy rating and upped their price objective for the stock from $60.00 to $80.00 in a report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $61.33.

Tempur Sealy International (TPX) opened at $58.79 on Thursday. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $70.45. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08. The stock has a market cap of $3,185.30, a PE ratio of 16.38, a P/E/G ratio of 1.20 and a beta of 1.53.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. Tempur Sealy International’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.32 earnings per share. research analysts forecast that Tempur Sealy International will post 3.25 EPS for the current fiscal year.

In other news, CEO Scott L. Thompson bought 19,565 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the purchase, the chief executive officer now owns 245,019 shares in the company, valued at approximately $12,542,522.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP H Clifford Buster III bought 18,800 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares of the company’s stock, valued at approximately $996,964. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capstone Asset Management Co. lifted its position in Tempur Sealy International by 1.3% during the second quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock valued at $249,000 after purchasing an additional 60 shares during the period. Aperio Group LLC lifted its position in Tempur Sealy International by 13.3% during the second quarter. Aperio Group LLC now owns 12,291 shares of the company’s stock valued at $656,000 after purchasing an additional 1,445 shares during the period. Janney Montgomery Scott LLC bought a new position in Tempur Sealy International during the second quarter valued at approximately $576,000. Texas Permanent School Fund lifted its position in Tempur Sealy International by 1.0% during the second quarter. Texas Permanent School Fund now owns 34,235 shares of the company’s stock valued at $1,828,000 after purchasing an additional 349 shares during the period. Finally, Sei Investments Co. lifted its position in Tempur Sealy International by 23.1% during the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after purchasing an additional 421 shares during the period.

TRADEMARK VIOLATION NOTICE: “Raymond James Financial Reaffirms Buy Rating for Tempur Sealy International (TPX)” was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/raymond-james-financial-reaffirms-buy-rating-for-tempur-sealy-international-tpx/1756621.html.

About Tempur Sealy International

Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

Receive News & Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.