Tempur Sealy International, Inc. (NYSE:TPX) Upgraded to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Tempur Sealy International, Inc. (NYSE:TPX) from a buy rating to a strong-buy rating in a research report sent to investors on Monday, July 31st.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a hold rating and set a $60.00 target price (up previously from $47.00) on shares of Tempur Sealy International in a report on Sunday, July 30th. Piper Jaffray Companies set a $61.00 target price on Tempur Sealy International and gave the stock a hold rating in a report on Thursday, July 27th. Raymond James Financial, Inc. reiterated a strong-buy rating and set a $55.00 target price on shares of Tempur Sealy International in a report on Wednesday, June 28th. ValuEngine cut Tempur Sealy International from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Wedbush set a $45.00 target price on Tempur Sealy International and gave the stock a hold rating in a report on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $61.10.

Shares of Tempur Sealy International (NYSE TPX) traded up 0.34% on Monday, reaching $61.27. The company’s stock had a trading volume of 651,545 shares. Tempur Sealy International has a 52-week low of $39.57 and a 52-week high of $82.32. The company has a market cap of $3.31 billion, a P/E ratio of 17.28 and a beta of 1.67. The company has a 50 day moving average price of $56.77 and a 200 day moving average price of $48.99.

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

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In other news, Director Usman Nabi bought 100,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average cost of $47.37 per share, for a total transaction of $4,737,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Neuberger Berman Group LLC purchased a new stake in shares of Tempur Sealy International during the first quarter valued at about $14,268,000. Morgan Stanley increased its stake in shares of Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock valued at $10,866,000 after buying an additional 116,718 shares during the period. BlackRock Inc. increased its stake in shares of Tempur Sealy International by 15,212.6% in the first quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock valued at $175,806,000 after buying an additional 3,759,339 shares during the period. ICONIQ Capital LLC increased its stake in shares of Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock valued at $5,030,000 after buying an additional 22,434 shares during the period. Finally, Quotient Investors LLC purchased a new stake in shares of Tempur Sealy International during the first quarter valued at about $269,000.

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.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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