Zacks Investment Research lowered shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a hold rating in a research note published on Wednesday 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 brokerages have also recently issued reports on TPX. BidaskClub upgraded shares of Tempur Sealy International from a buy rating to a strong-buy rating in a research report on Monday, July 31st. ValuEngine cut shares of Tempur Sealy International from a buy rating to a hold rating in a research report on Friday, June 2nd. Tigress Financial cut shares of Tempur Sealy International from a buy rating to a neutral rating in a research report on Thursday, May 18th. Stifel Nicolaus restated a hold rating and set a $47.00 target price on shares of Tempur Sealy International in a research report on Friday, July 14th. Finally, Wedbush set a $45.00 target price on shares of Tempur Sealy International and gave the company a hold rating in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $65.09.

Tempur Sealy International (NYSE TPX) opened at 60.60 on Wednesday. The stock’s 50 day moving average price is $60.62 and its 200-day moving average price is $51.12. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $78.19. The company has a market capitalization of $3.27 billion, a PE ratio of 17.09 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.40 by $0.05. The business had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The business’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. On average, equities research analysts predict that Tempur Sealy International will post $3.29 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its position in Tempur Sealy International by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after purchasing an additional 273 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Tempur Sealy International by 12.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after purchasing an additional 234 shares during the period. Sei Investments Co. raised its position in Tempur Sealy International by 23.1% in the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after purchasing an additional 421 shares during the period. NEXT Financial Group Inc raised its position in Tempur Sealy International by 9,500.0% in the 2nd quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock worth $128,000 after purchasing an additional 2,375 shares during the period. Finally, Blueport Capital L.P. raised its position in Tempur Sealy International by 41.2% in the 1st quarter. Blueport Capital L.P. now owns 3,026 shares of the company’s stock worth $141,000 after purchasing an additional 883 shares during the period.

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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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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