Tempur Sealy International, Inc. (TPX) Given Hold Rating at Stifel Nicolaus
Tempur Sealy International, Inc. (NYSE:TPX)‘s stock had its “hold” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $47.00 target price on the stock. Stifel Nicolaus’ target price points to a potential downside of 13.44% from the stock’s current price.
A number of other research firms have also weighed in on TPX. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, June 28th. BidaskClub raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. SunTrust Banks, Inc. raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Tigress Financial lowered shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $55.90.
Tempur Sealy International (NYSE:TPX) opened at 54.30 on Friday. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $82.32. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 15.97 and a beta of 1.67. The company has a 50 day moving average of $48.45 and a 200 day moving average of $51.07.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, May 4th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.24. Tempur Sealy International had a net margin of 6.28% and a return on equity of 361.84%. The company had revenue of $722.10 million during the quarter, compared to analyst estimates of $725.44 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts forecast that Tempur Sealy International will post $3.24 EPS for the current fiscal year.
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In related news, major shareholder Rehan Jaffer acquired 200,000 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average price of $48.09 per share, for a total transaction of $9,618,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jon L. Luther acquired 2,750 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were bought at an average price of $48.45 per share, for a total transaction of $133,237.50. Following the acquisition, the director now owns 13,668 shares of the company’s stock, valued at $662,214.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,122,750 shares of company stock worth $101,698,731. Corporate insiders own 2.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of TPX. Hudson Bay Capital Management LP increased its position in Tempur Sealy International by 46.7% in the fourth quarter. Hudson Bay Capital Management LP now owns 19,663 shares of the company’s stock valued at $1,343,000 after buying an additional 6,263 shares during the period. Neuberger Berman Group LLC bought a new position in Tempur Sealy International during the first quarter valued at about $14,268,000. ICONIQ Capital LLC increased its position in Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after buying an additional 22,434 shares during the period. Quotient Investors LLC bought a new position in Tempur Sealy International during the first quarter valued at about $269,000. Finally, Parametric Portfolio Associates LLC increased its position in Tempur Sealy International by 34.0% in the first quarter. Parametric Portfolio Associates LLC now owns 96,137 shares of the company’s stock valued at $4,467,000 after buying an additional 24,387 shares during the period.
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.
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