SunTrust Banks, Inc. Reaffirms “Hold” Rating for Tempur Sealy International, Inc. (TPX)

SunTrust Banks, Inc. reissued their hold rating on shares of Tempur Sealy International, Inc. (NYSE:TPX) in a research note issued to investors on Friday morning. They currently have a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q4 2017 earnings at $0.70 EPS, FY2017 earnings at $3.10 EPS, Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $1.19 EPS, Q4 2018 earnings at $1.03 EPS and FY2018 earnings at $3.64 EPS.

A number of other brokerages have also recently commented on TPX. Zacks Investment Research cut shares of Tempur Sealy International from a buy rating to a hold rating in a report on Thursday, October 5th. ValuEngine raised shares of Tempur Sealy International from a hold rating to a buy rating in a report on Saturday, September 30th. Stifel Nicolaus raised shares of Tempur Sealy International from a hold rating to a buy rating and lifted their target price for the company from $60.00 to $80.00 in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $61.00 price objective on shares of Tempur Sealy International and gave the company a hold rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Tempur Sealy International currently has an average rating of Hold and a consensus target price of $62.44.

Tempur Sealy International (NYSE TPX) opened at $53.92 on Friday. The firm has a market cap of $2,906.13, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.10 and a beta of 1.60. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.84 and a current ratio of 1.08.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 2nd. The company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. Tempur Sealy International had a net margin of 5.79% and a return on equity of 1,042.63%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 EPS. research analysts predict that Tempur Sealy International will post 3.28 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its position in shares of Tempur Sealy International by 99.6% during the 1st quarter. Morgan Stanley now owns 233,881 shares of the company’s stock worth $10,866,000 after purchasing an additional 116,718 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Tempur Sealy International by 22.3% during the 2nd quarter. SG Americas Securities LLC now owns 29,617 shares of the company’s stock worth $1,581,000 after purchasing an additional 5,394 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Tempur Sealy International by 3.8% during the 2nd quarter. Principal Financial Group Inc. now owns 200,825 shares of the company’s stock worth $10,722,000 after purchasing an additional 7,274 shares in the last quarter. BlackRock Inc. boosted its position in shares of Tempur Sealy International by 15,212.6% during the 1st quarter. BlackRock Inc. now owns 3,784,051 shares of the company’s stock worth $175,806,000 after purchasing an additional 3,759,339 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Tempur Sealy International by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 353,195 shares of the company’s stock worth $16,409,000 after purchasing an additional 8,185 shares in the last quarter.

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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