Tempur Sealy International, Inc. (NYSE:TPX) Earns Hold Rating from Stifel Nicolaus

Tempur Sealy International, Inc. (NYSE:TPX)‘s stock had its “hold” rating reaffirmed by stock analysts at Stifel Nicolaus in a research note issued on Friday, July 14th. They presently have a $47.00 target price on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 21.85% from the stock’s previous close.

A number of other brokerages also recently issued reports on TPX. SunTrust Banks, Inc. raised shares of Tempur Sealy International from a “sell” rating to a “hold” rating in a research report on Monday, May 15th. ValuEngine downgraded shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research raised shares of Tempur Sealy International from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 4th. Tigress Financial downgraded shares of Tempur Sealy International from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. Finally, Wedbush set a $45.00 price objective on shares of Tempur Sealy International and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $58.80.

Tempur Sealy International (NYSE TPX) opened at 60.14 on Friday. Tempur Sealy International has a 52 week low of $39.57 and a 52 week high of $82.32. The stock has a 50 day moving average of $55.32 and a 200 day moving average of $48.99. The company has a market cap of $3.25 billion, a P/E ratio of 16.96 and a beta of 1.67.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.05. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. The firm had revenue of $659.30 million for the quarter, compared to the consensus estimate of $661.65 million. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. On average, analysts expect that Tempur Sealy International will post $3.29 earnings per share for the current year.

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In other Tempur Sealy International news, Director Usman Nabi acquired 150,000 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was acquired at an average cost of $46.00 per share, for a total transaction of $6,900,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jon L. Luther acquired 2,750 shares of the firm’s stock in a transaction on Monday, May 15th. The shares were acquired at an average price of $48.45 per share, with a total value of $133,237.50. Following the completion of the purchase, the director now owns 13,668 shares in the company, valued at approximately $662,214.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 892,750 shares of company stock valued at $42,285,438. Company insiders own 2.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. B. Riley Financial Inc. raised its position in Tempur Sealy International by 250.0% in the second quarter. B. Riley Financial Inc. now owns 70,000 shares of the company’s stock valued at $3,737,000 after buying an additional 50,000 shares during the period. OxFORD Asset Management LLP purchased a new position in Tempur Sealy International during the second quarter valued at $1,099,000. Dimensional Fund Advisors LP raised its position in Tempur Sealy International by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 412,066 shares of the company’s stock valued at $22,000,000 after buying an additional 40,660 shares during the period. Virtu KCG Holdings LLC raised its position in Tempur Sealy International by 206.9% in the second quarter. Virtu KCG Holdings LLC now owns 15,023 shares of the company’s stock valued at $802,000 after buying an additional 10,128 shares during the period. Finally, Globeflex Capital L P purchased a new position in Tempur Sealy International during the second quarter valued at $998,000.

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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