Tempur Sealy International (TPX) Receives “Buy” Rating from Raymond James Financial
A number of other research firms also recently commented on TPX. Wedbush restated a hold rating on shares of Tempur Sealy International in a report on Friday. TheStreet upgraded Tempur Sealy International from a c rating to a b rating in a report on Thursday, November 2nd. Zacks Investment Research upgraded Tempur Sealy International from a sell rating to a hold rating and set a $60.00 price target for the company in a report on Saturday, November 4th. SunTrust Banks restated a hold rating and issued a $55.00 price target on shares of Tempur Sealy International in a report on Friday, November 3rd. Finally, Stifel Nicolaus restated a buy rating and issued a $80.00 price target on shares of Tempur Sealy International in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $61.33.
Shares of Tempur Sealy International (TPX) traded up $0.57 during mid-day trading on Thursday, reaching $58.75. The company had a trading volume of 939,800 shares, compared to its average volume of 1,346,060. The company has a current ratio of 1.08, a quick ratio of 0.77 and a debt-to-equity ratio of 20.03. The firm has a market cap of $3,152.23, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. Tempur Sealy International has a twelve month low of $39.57 and a twelve month high of $70.45.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $724.80 million for the quarter, compared to analyst estimates of $756.10 million. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business’s revenue was down 12.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.32 earnings per share. research analysts anticipate that Tempur Sealy International will post 3.25 EPS for the current year.
In other Tempur Sealy International news, EVP H Clifford Buster III acquired 18,800 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $53.03 per share, with a total value of $996,964.00. Following the completion of the transaction, the executive vice president now directly owns 18,800 shares in the company, valued at approximately $996,964. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Scott L. Thompson acquired 19,565 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of $51.19 per share, with a total value of $1,001,532.35. Following the completion of the transaction, the chief executive officer now owns 245,019 shares of the company’s stock, valued at $12,542,522.61. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capstone Asset Management Co. increased its stake in shares of Tempur Sealy International by 1.3% during the second quarter. Capstone Asset Management Co. now owns 4,669 shares of the company’s stock worth $249,000 after purchasing an additional 60 shares during the period. Comerica Bank increased its stake in Tempur Sealy International by 0.4% during the 2nd quarter. Comerica Bank now owns 36,916 shares of the company’s stock worth $2,059,000 after acquiring an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 acquiring an additional 234 shares during the period. Arizona State Retirement System increased its stake in Tempur Sealy International by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 19,800 shares of the company’s stock worth $1,057,000 after acquiring an additional 300 shares during the period. Finally, Texas Permanent School Fund increased its stake in Tempur Sealy International by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 34,235 shares of the company’s stock worth $1,828,000 after acquiring an additional 349 shares during the period.
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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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