Tempur Sealy International, Inc. (NYSE:TPX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 brokerages also recently commented on TPX. SunTrust Banks, Inc. reiterated a “hold” rating and set a $60.00 target price on shares of Tempur Sealy International in a research note on Monday, October 2nd. ValuEngine upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Piper Jaffray Companies set a $61.00 target price on shares of Tempur Sealy International and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $85.00 target price (up previously from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Tempur Sealy International has an average rating of “Hold” and an average target price of $63.00.

Shares of Tempur Sealy International (NYSE TPX) opened at 65.01 on Thursday. Tempur Sealy International has a one year low of $39.57 and a one year high of $70.45. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 18.33 and a beta of 1.67. The stock’s 50 day moving average price is $62.23 and its 200 day moving average price is $53.04.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 6.69% and a return on equity of 617.75%. The company’s revenue was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts forecast that Tempur Sealy International will post $3.28 earnings per share for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC purchased a new stake in Tempur Sealy International in the second quarter valued at $446,000. PNC Financial Services Group Inc. lifted its position in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock valued at $100,000 after acquiring an additional 273 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tempur Sealy International by 12.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock valued at $116,000 after acquiring an additional 234 shares during the last quarter. Sei Investments Co. lifted its position in Tempur Sealy International by 23.1% in the second quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock valued at $120,000 after acquiring an additional 421 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its position in Tempur Sealy International by 9,500.0% in the second quarter. NEXT Financial Group Inc now owns 2,400 shares of the company’s stock valued at $128,000 after acquiring an additional 2,375 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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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