Tempur Sealy International’s (NYSE:TPX) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Tempur Sealy International, Inc. (NYSE:TPX) in a research report report published on Friday morning. They currently have a $47.00 target price on the stock.

Other research analysts also recently issued research reports about the company. BidaskClub upgraded Tempur Sealy International from a hold rating to a buy rating in a research note on Saturday, June 24th. KeyCorp restated an equal weight rating on shares of Tempur Sealy International in a research note on Thursday, April 20th. SunTrust Banks, Inc. upgraded Tempur Sealy International from a sell rating to a hold rating in a research note on Monday, May 15th. Zacks Investment Research upgraded Tempur Sealy International from a strong sell rating to a hold rating in a research note on Tuesday, April 4th. Finally, ValuEngine downgraded Tempur Sealy International from a buy rating to a hold rating in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Tempur Sealy International currently has a consensus rating of Hold and a consensus price target of $55.90.

Tempur Sealy International (NYSE TPX) traded down 0.94% during midday trading on Friday, hitting $53.79. The company had a trading volume of 2,324,269 shares. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32. The firm has a 50-day moving average price of $48.45 and a 200-day moving average price of $51.07. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 15.82 and a beta of 1.66.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.24. The firm had revenue of $722.10 million for the quarter, compared to the consensus estimate of $725.44 million. Tempur Sealy International had a return on equity of 361.84% and a net margin of 6.28%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 EPS. Equities analysts anticipate that Tempur Sealy International will post $3.24 EPS for the current year.

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In related news, major shareholder Rehan Jaffer acquired 640,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The stock was bought at an average cost of $47.68 per share, with a total value of $30,515,200.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert B. Trussell, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $47.85, for a total value of $574,200.00. Following the sale, the director now directly owns 20,977 shares of the company’s stock, valued at $1,003,749.45. The disclosure for this sale can be found here. Insiders have acquired a total of 2,122,750 shares of company stock valued at $101,698,731 over the last ninety days. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of TPX. BlackRock Inc. raised 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 worth $175,806,000 after buying an additional 3,759,339 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new stake in shares of Tempur Sealy International during the first quarter worth $48,591,000. State Street Corp raised its stake in shares of Tempur Sealy International by 14.9% in the first quarter. State Street Corp now owns 3,602,464 shares of the company’s stock worth $167,372,000 after buying an additional 466,161 shares during the last quarter. Norges Bank acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth $22,567,000. Finally, Neuberger Berman Group LLC acquired a new stake in shares of Tempur Sealy International during the first quarter worth $14,268,000.

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.

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