Tempur Sealy International (TPX) Rating Reiterated by Raymond James Financial

Tempur Sealy International (NYSE:TPX)‘s stock had its “buy” rating reiterated by Raymond James Financial in a research report issued on Thursday.

A number of other research firms also recently weighed in on TPX. Zacks Investment Research downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. SunTrust Banks reiterated a “hold” rating and issued a $60.00 price target on shares of Tempur Sealy International in a research note on Monday, October 2nd. Finally, Stifel Nicolaus upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $80.00 in a research note on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $61.33.

Tempur Sealy International (TPX) opened at $58.79 on Thursday. The firm has a market cap of $3,152.23, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.19 and a beta of 1.53. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $70.45. The company has a debt-to-equity ratio of 20.03, a current ratio of 1.08 and a quick ratio of 0.77.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $724.80 million during the quarter, compared to the consensus estimate of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 earnings per share. equities analysts forecast that Tempur Sealy International will post 3.25 EPS for the current year.

In related news, CEO Scott L. Thompson bought 19,565 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the purchase, the chief executive officer now owns 245,019 shares in the company, valued at approximately $12,542,522.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP H Clifford Buster III bought 18,800 shares of the business’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $53.03 per share, with a total value of $996,964.00. Following the purchase, the executive vice president now owns 18,800 shares in the company, valued at approximately $996,964. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock worth $391,005,000 after buying an additional 373,986 shares during the last quarter. Greenlight Capital Inc. lifted its stake in shares of Tempur Sealy International by 900.0% during the 3rd quarter. Greenlight Capital Inc. now owns 4,000,000 shares of the company’s stock worth $258,080,000 after buying an additional 3,600,000 shares during the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. lifted its stake in shares of Tempur Sealy International by 5.1% during the 2nd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 2,932,157 shares of the company’s stock worth $156,548,000 after buying an additional 143,395 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its stake in shares of Tempur Sealy International by 1.7% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 1,591,195 shares of the company’s stock worth $84,954,000 after buying an additional 26,135 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in shares of Tempur Sealy International by 0.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,055,523 shares of the company’s stock worth $56,354,000 after buying an additional 9,650 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: “Tempur Sealy International (TPX) Rating Reiterated by Raymond James Financial” was originally published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://transcriptdaily.com/2017/12/09/tempur-sealy-international-tpx-rating-reiterated-by-raymond-james-financial.html.

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)

Receive News & Ratings for Tempur Sealy International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply