Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $55.33.
Several brokerages recently issued reports on TPX. Zacks Investment Research lowered shares of Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Thursday. Piper Jaffray Companies raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $61.00 to $80.00 in a research report on Monday. BidaskClub raised Tempur Sealy International from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $60.00 target price (up from $47.00) on shares of Tempur Sealy International in a research report on Sunday, July 30th. Finally, Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $55.00 target price on shares of Tempur Sealy International in a research report on Wednesday, June 28th.
Shares of Tempur Sealy International (TPX) traded down 0.76% during trading on Friday, hitting $61.07. 373,468 shares of the stock traded hands. The company has a 50 day moving average price of $56.24 and a 200 day moving average price of $48.79. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 17.22 and a beta of 1.67. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32.
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, beating the consensus estimate of $0.40 by $0.05. The firm had revenue of $659.30 million for the quarter, compared to analyst estimates of $661.65 million. Tempur Sealy International had a net margin of 6.69% and a return on equity of 617.75%. Tempur Sealy International’s revenue was down 18.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Analysts anticipate that Tempur Sealy International will post $3.29 earnings per share for the current fiscal year.
In related news, Director Usman Nabi acquired 100,000 shares of the stock in a transaction dated Monday, June 5th. The stock was acquired at an average cost of $47.37 per share, with a total value of $4,737,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC bought a new position in shares of Tempur Sealy International during the first quarter worth approximately $14,268,000. Morgan Stanley increased its position in shares of Tempur Sealy International by 99.6% in the first quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after buying an additional 116,718 shares in the last quarter. BlackRock Inc. increased its position 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 in the last quarter. ICONIQ Capital LLC increased its position in shares of Tempur Sealy International by 26.1% in the first quarter. ICONIQ Capital LLC now owns 108,268 shares of the company’s stock worth $5,030,000 after buying an additional 22,434 shares in the last quarter. Finally, Quotient Investors LLC bought a new position in shares of Tempur Sealy International during the first quarter worth approximately $269,000.
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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