Tempur Sealy International, Inc. (TPX) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a hold rating in a research note issued to investors 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. “
A number of other research firms also recently weighed in on TPX. Stifel Nicolaus upgraded Tempur Sealy International from a hold rating to a buy rating and raised their price target for the company from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $61.00 price target on Tempur Sealy International and gave the company a hold rating in a research note on Thursday, July 27th. Bank of America Corporation restated a buy rating and issued a $85.00 price target (up from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. BidaskClub upgraded Tempur Sealy International from a buy rating to a strong-buy rating in a research note on Monday, July 31st. Finally, 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 note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Hold and an average price target of $65.18.
Shares of Tempur Sealy International (NYSE TPX) opened at 63.76 on Wednesday. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $78.19. The company has a market cap of $3.44 billion, a PE ratio of 17.98 and a beta of 1.64. The firm’s 50-day moving average price is $60.83 and its 200-day moving average price is $51.40.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.45 earnings per share for the quarter, beating the Zacks’ 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%. The business’s revenue was down 18.0% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. Equities analysts predict that Tempur Sealy International will post $3.29 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in TPX. PNC Financial Services Group Inc. lifted its holdings in Tempur Sealy International by 14.7% during 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Tempur Sealy International by 12.1% during 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 last quarter. Sei Investments Co. lifted its holdings in Tempur Sealy International by 23.1% during 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 last quarter. NEXT Financial Group Inc lifted its holdings in Tempur Sealy International by 9,500.0% during 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 last quarter. Finally, Blueport Capital L.P. lifted its holdings in Tempur Sealy International by 41.2% during 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 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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