Bank of America Corporation restated their buy rating on shares of Tempur Sealy International, Inc. (NYSE:TPX) in a report published on Wednesday. They currently have a $85.00 price objective on the stock, up from their prior price objective of $75.00.

TPX has been the subject of a number of other research reports. Raymond James Financial, Inc. reissued a strong-buy rating and set a $55.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, June 28th. Tigress Financial lowered Tempur Sealy International from a buy rating to a neutral rating in a research note on Thursday, May 18th. ValuEngine lowered Tempur Sealy International from a buy rating to a hold rating in a research note on Friday, June 2nd. Wedbush set a $45.00 price target on Tempur Sealy International and gave the stock a hold rating in a research note on Wednesday, May 31st. Finally, BidaskClub raised Tempur Sealy International from a hold rating to a buy rating in a research note on Saturday, June 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $65.09.

Shares of Tempur Sealy International (NYSE TPX) opened at 61.33 on Wednesday. Tempur Sealy International has a 1-year low of $39.57 and a 1-year high of $82.32. The company’s 50 day moving average is $57.85 and its 200-day moving average is $49.61. The company has a market capitalization of $3.31 billion, a P/E ratio of 17.30 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 analysts’ consensus estimates of $0.40 by $0.05. The firm had revenue of $659.30 million during the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a return on equity of 617.75% and a net margin of 6.69%. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts forecast that Tempur Sealy International will post $3.30 EPS for the current year.

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In other news, Director Usman Nabi acquired 100,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after buying an additional 3,759,339 shares during the period. Burgundy Asset Management Ltd. purchased a new position in Tempur Sealy International during the first quarter worth about $48,591,000. Prudential Financial Inc. increased its position in Tempur Sealy International by 1,821.2% in the second quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock worth $29,579,000 after buying an additional 525,190 shares during the period. State Street Corp increased its position in Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock worth $167,372,000 after buying an additional 466,161 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Tempur Sealy International by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after buying an additional 373,986 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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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