Tempur Sealy International, Inc. (TPX) Upgraded to “Hold” by Zacks Investment Research
Zacks Investment Research upgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “
Several other equities research analysts also recently commented on the company. Bank of America Corporation reiterated a buy rating and set a $85.00 target price (up from $75.00) on shares of Tempur Sealy International in a report on Wednesday, August 30th. Stifel Nicolaus restated a hold rating and set a $47.00 price objective on shares of Tempur Sealy International in a research note on Friday, July 14th. Piper Jaffray Companies set a $61.00 price objective on Tempur Sealy International and gave the company a hold rating in a research note on Thursday, July 27th. BidaskClub upgraded Tempur Sealy International from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Finally, ValuEngine lowered Tempur Sealy International from a buy rating to a hold rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $62.44.
Shares of Tempur Sealy International (TPX) traded down $1.10 during trading hours on Friday, hitting $53.92. The company had a trading volume of 2,143,627 shares, compared to its average volume of 1,102,531. The firm has a market capitalization of $2,906.13, a PE ratio of 15.02, a P/E/G ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.84 and a current ratio of 1.08.
Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The business had revenue of $724.80 million for the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The company’s revenue was down 12.9% on a year-over-year basis. During the same period last year, the business posted $1.32 EPS. research analysts forecast that Tempur Sealy International will post 3.28 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Tempur Sealy International by 15,212.6% during 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 in the last quarter. Prudential Financial Inc. raised its stake in Tempur Sealy International by 1,821.2% during the 2nd quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock valued at $29,579,000 after acquiring an additional 525,190 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after acquiring an additional 373,986 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in Tempur Sealy International during the 2nd quarter valued at $16,017,000. Finally, Balyasny Asset Management LLC raised its stake in Tempur Sealy International by 1,176.6% during the 2nd quarter. Balyasny Asset Management LLC now owns 211,563 shares of the company’s stock valued at $11,295,000 after acquiring an additional 194,991 shares in the last quarter.
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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