Tempur Sealy International (NYSE:TPX)‘s stock had its “hold” rating reissued by analysts at SunTrust Banks in a research note issued to investors on Friday. They currently have a $51.00 price objective on the stock. SunTrust Banks’ target price points to a potential downside of 0.60% from the company’s current price.
TPX has been the subject of several other reports. Zacks Investment Research upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Friday, January 5th. UBS Group restated a “sell” rating and issued a $49.00 price target (down from $54.00) on shares of Tempur Sealy International in a research note on Friday. ValuEngine downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Tempur Sealy International in a research note on Friday, November 3rd. Finally, TheStreet downgraded Tempur Sealy International from a “b-” rating to a “c+” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $66.00.
Tempur Sealy International (NYSE:TPX) opened at $51.31 on Friday. The company has a market capitalization of $2,716.07, a P/E ratio of 18.39, a PEG ratio of 0.82 and a beta of 1.27. Tempur Sealy International has a one year low of $39.57 and a one year high of $68.05. The company has a debt-to-equity ratio of 14.30, a quick ratio of 0.77 and a current ratio of 1.06.
Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.03). The firm had revenue of $648.20 million during the quarter, compared to the consensus estimate of $679.41 million. Tempur Sealy International had a net margin of 5.54% and a return on equity of 340.30%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 earnings per share. research analysts anticipate that Tempur Sealy International will post 3.99 earnings per share for the current fiscal year.
In other Tempur Sealy International news, EVP Richard W. Anderson sold 24,345 shares of Tempur Sealy International stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the completion of the transaction, the executive vice president now directly owns 78,236 shares of the company’s stock, valued at approximately $5,084,557.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors acquired a new position in Tempur Sealy International in the 4th quarter valued at $122,000. Capital Guardian Trust Co. acquired a new position in Tempur Sealy International in the 3rd quarter valued at $132,000. Amundi Pioneer Asset Management Inc. acquired a new position in Tempur Sealy International in the 4th quarter valued at $167,000. World Asset Management Inc acquired a new position in Tempur Sealy International in the 3rd quarter valued at $202,000. Finally, State of Alaska Department of Revenue acquired a new position in Tempur Sealy International in the 4th quarter valued at $218,000.
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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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