Tempur Sealy International (TPX) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Tempur Sealy International (NYSE:TPX) from a buy rating to a hold rating in a report released on Saturday.

According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacturing and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable bases, pillows and other sleep and relaxation products. The company’s brand portfolio includes Tempur(R), Tempur-Pedic(R), Sealy(R), Sealy Posturepedic(R), Optimum(TM) and Stearns & Foster(R). Tempur Sealy International, Inc., formerly known as Tempur-Pedic International Inc., is headquartered in Lexington, Kentucky. “

TPX has been the topic of several other reports. SunTrust Banks restated a hold rating and set a $55.00 price target on shares of Tempur Sealy International in a research note on Friday, November 3rd. ValuEngine lowered Tempur Sealy International from a buy rating to a hold rating in a research note on Thursday, November 2nd. Stifel Nicolaus restated a buy rating and set a $80.00 price target on shares of Tempur Sealy International in a research note on Friday, November 3rd. Wedbush restated a hold rating on shares of Tempur Sealy International in a research note on Friday, December 8th. Finally, TheStreet upgraded Tempur Sealy International from a c rating to a b rating in a research note on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $62.67.

Tempur Sealy International (TPX) opened at $62.94 on Friday. Tempur Sealy International has a 12-month low of $39.57 and a 12-month high of $68.70. The company has a debt-to-equity ratio of 20.03, a quick ratio of 0.77 and a current ratio of 1.08. The firm has a market capitalization of $3,410.00, a PE ratio of 20.98, a P/E/G ratio of 1.07 and a beta of 1.54.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Tempur Sealy International had a return on equity of 1,042.63% and a net margin of 5.79%. The business had revenue of $724.80 million during the quarter, compared to analysts’ expectations of $756.10 million. During the same quarter in the previous year, the firm earned $1.32 EPS. The firm’s revenue was down 12.9% compared to the same quarter last year. analysts forecast that Tempur Sealy International will post 3.25 earnings per share for the current fiscal year.

In other Tempur Sealy International news, CEO Scott L. Thompson purchased 19,565 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the transaction, the chief executive officer now directly owns 245,019 shares in the company, valued at $12,542,522.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard W. Anderson sold 24,345 shares of the stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $64.99, for a total value of $1,582,181.55. Following the sale, the executive vice president now owns 78,236 shares in the company, valued at $5,084,557.64. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC bought a new stake in Tempur Sealy International during the 2nd quarter worth approximately $446,000. Capital Guardian Trust Co. bought a new stake in Tempur Sealy International during the 3rd quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Tempur Sealy International by 12.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,165 shares of the company’s stock worth $116,000 after acquiring an additional 234 shares during the last quarter. Sei Investments Co. grew its position in Tempur Sealy International by 23.1% during the 2nd quarter. Sei Investments Co. now owns 2,247 shares of the company’s stock worth $120,000 after acquiring an additional 421 shares during the last quarter. Finally, World Asset Management Inc bought a new stake in Tempur Sealy International during the 3rd quarter worth approximately $202,000.

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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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