Tempur Sealy International, Inc. (NYSE:TPX)‘s stock had its “hold” rating restated by research analysts at Stifel Nicolaus in a research note issued on Sunday, July 30th. They currently have a $60.00 target price on the stock, up from their previous target price of $47.00. Stifel Nicolaus’ price target points to a potential downside of 2.07% from the stock’s current price.
TPX has been the topic of several other research reports. Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 4th. Raymond James Financial, Inc. upgraded shares of Tempur Sealy International from an “outperform” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Wednesday, April 19th. KeyCorp reiterated an “equal weight” rating on shares of Tempur Sealy International in a report on Thursday, April 20th. SunTrust Banks, Inc. raised Tempur Sealy International from a “sell” rating to a “hold” rating and set a $43.00 price objective for the company in a research report on Monday, May 8th. Finally, Tigress Financial lowered Tempur Sealy International from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $61.10.
Shares of Tempur Sealy International (NYSE TPX) opened at 61.27 on Friday. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $82.32. The firm’s 50-day moving average is $56.77 and its 200-day moving average is $48.99. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 17.28 and a beta of 1.67.
Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm had revenue of $659.30 million for the quarter, compared to analysts’ expectations of $661.65 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was down 18.0% on a year-over-year basis. On average, equities analysts predict that Tempur Sealy International will post $3.29 EPS for the current year.
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In other Tempur Sealy International news, Director Usman Nabi bought 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, with a total value of $4,737,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new stake in Tempur Sealy International during the fourth quarter worth about $237,000. Norges Bank purchased a new stake in Tempur Sealy International during the fourth quarter worth about $22,567,000. Teachers Advisors LLC increased its stake in Tempur Sealy International by 44.6% in the fourth quarter. Teachers Advisors LLC now owns 438,142 shares of the company’s stock worth $29,916,000 after buying an additional 135,180 shares in the last quarter. Capstone Asset Management Co. increased its stake in Tempur Sealy International by 4.1% in the first quarter. Capstone Asset Management Co. now owns 4,609 shares of the company’s stock worth $214,000 after buying an additional 180 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Tempur Sealy International during the first quarter worth about $351,000.
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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