Tempur Sealy International, Inc. (TPX) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
A number of other research analysts have also recently weighed in on the company. Raymond James Financial, Inc. restated a strong-buy rating and issued a $55.00 price target on shares of Tempur Sealy International in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Tempur Sealy International from a buy rating to a hold rating in a research note on Wednesday, September 13th. Bank of America Corporation reiterated a buy rating and issued a $85.00 price objective (up from $75.00) on shares of Tempur Sealy International in a research report on Wednesday, August 30th. Stifel Nicolaus upgraded shares of Tempur Sealy International from a hold rating to a buy rating and boosted their price objective for the stock from $60.00 to $80.00 in a research report on Tuesday, August 22nd. Finally, BidaskClub raised shares of Tempur Sealy International from a hold rating to a buy rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $63.00.
Shares of Tempur Sealy International (TPX) opened at 65.05 on Friday. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $70.45. The stock has a 50 day moving average of $61.74 and a 200-day moving average of $52.57. The firm has a market capitalization of $3.51 billion, a PE ratio of 18.34 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $659.30 million during the quarter, compared to the consensus estimate of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. Tempur Sealy International’s quarterly revenue was down 18.0% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, equities research analysts anticipate that Tempur Sealy International will post $3.29 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its stake in Tempur Sealy International by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after acquiring an additional 373,986 shares during the period. BlackRock Inc. raised its holdings in Tempur Sealy International by 15,212.6% in the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after acquiring an additional 3,759,339 shares during the last quarter. State Street Corp raised its holdings in Tempur Sealy International by 14.9% in the 1st quarter. State Street Corp now owns 3,602,464 shares of the company’s stock valued at $167,372,000 after acquiring an additional 466,161 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. raised its holdings in Tempur Sealy International by 5.1% in the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock valued at $156,548,000 after acquiring an additional 143,395 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its holdings in Tempur Sealy International by 1.7% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock valued at $84,954,000 after acquiring an additional 26,135 shares during the last quarter.
Tempur Sealy International Company Profile
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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