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.
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