Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Tempur Sealy International from a hold rating to a sell rating in a research note on Tuesday, October 24th. Bank of America reissued a buy rating and set a $85.00 price objective (up previously from $75.00) on shares of Tempur Sealy International in a research note on Wednesday, August 30th. SunTrust Banks reissued a hold rating and set a $55.00 price objective on shares of Tempur Sealy International in a research note on Friday, November 3rd. ValuEngine lowered Tempur Sealy International from a buy rating to a hold rating in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a buy rating and set a $80.00 price objective on shares of Tempur Sealy International in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $61.33.
Tempur Sealy International (NYSE:TPX) opened at $58.91 on Friday. The company has a market capitalization of $3,185.28, a price-to-earnings ratio of 16.38, a PEG ratio of 1.20 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. 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 posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The company had revenue of $724.80 million during 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 firm’s quarterly revenue was down 12.9% on a year-over-year basis. During the same quarter last year, the company earned $1.32 earnings per share. research analysts anticipate that Tempur Sealy International will post 3.25 EPS for the current fiscal year.
In related news, CEO Scott L. Thompson acquired 19,565 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the acquisition, the chief executive officer now owns 245,019 shares in the company, valued at $12,542,522.61. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, EVP H Clifford Buster III acquired 18,800 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was bought at an average price of $53.03 per share, for a total transaction of $996,964.00. Following the acquisition, the executive vice president now owns 18,800 shares of the company’s stock, 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 institutional investors and hedge funds have recently added to or reduced their stakes in TPX. Greenlight Capital Inc. increased its holdings in shares of Tempur Sealy International by 900.0% in the third 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 period. Prudential Financial Inc. increased its holdings in shares of Tempur Sealy International by 1,821.2% in the second quarter. Prudential Financial Inc. now owns 554,027 shares of the company’s stock worth $29,579,000 after buying an additional 525,190 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Tempur Sealy International by 5.4% in the second 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 period. Davidson Kempner Capital Management LP purchased a new position in shares of Tempur Sealy International in the second quarter worth about $16,017,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Tempur Sealy International by 66.6% in the third quarter. Dimensional Fund Advisors LP now owns 686,566 shares of the company’s stock worth $44,296,000 after buying an additional 274,500 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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