Tempur Sealy International (TPX) Raised to Hold at ValuEngine

Tempur Sealy International (NYSE:TPX) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday.

A number of other research analysts have also recently issued reports on the stock. UBS Group upgraded shares of Tempur Sealy International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $45.00 to $55.00 in a research note on Wednesday, October 3rd. Wedbush set a $65.00 target price on shares of Tempur Sealy International and gave the company a “buy” rating in a research note on Wednesday, October 3rd. Loop Capital reiterated a “sell” rating on shares of Tempur Sealy International in a research note on Thursday, November 1st. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a research note on Thursday, November 1st. Finally, Zacks Investment Research upgraded shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.13.

Shares of NYSE:TPX traded up $0.50 during trading on Monday, reaching $49.74. The stock had a trading volume of 848,000 shares, compared to its average volume of 1,037,764. Tempur Sealy International has a 52 week low of $41.10 and a 52 week high of $65.73. The company has a current ratio of 1.20, a quick ratio of 0.90 and a debt-to-equity ratio of 7.71. The stock has a market capitalization of $2.68 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.72.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 1st. The company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.16). Tempur Sealy International had a net margin of 5.12% and a return on equity of 97.08%. The firm had revenue of $729.50 million during the quarter, compared to the consensus estimate of $744.03 million. During the same quarter last year, the firm posted $1.01 EPS. The business’s revenue was up 2.5% on a year-over-year basis. As a group, analysts forecast that Tempur Sealy International will post 2.95 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its position in Tempur Sealy International by 8.5% in the 2nd quarter. Northern Trust Corp now owns 409,584 shares of the company’s stock worth $19,681,000 after purchasing an additional 31,999 shares during the last quarter. First Midwest Bank Trust Division raised its position in Tempur Sealy International by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 14,020 shares of the company’s stock worth $674,000 after purchasing an additional 1,632 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Tempur Sealy International by 90.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock worth $202,000 after purchasing an additional 2,003 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Tempur Sealy International in the 2nd quarter worth approximately $918,000. Finally, Vulcan Value Partners LLC raised its position in Tempur Sealy International by 128.6% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,348,756 shares of the company’s stock worth $64,808,000 after purchasing an additional 758,693 shares during the last quarter.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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