Tempur Sealy International, Inc. (NYSE:TPX) has earned a consensus rating of “Hold” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $64.57.
Several equities research analysts recently issued reports on TPX shares. Zacks Investment Research cut Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. SunTrust Banks reiterated a “hold” rating and issued a $60.00 price objective on shares of Tempur Sealy International in a report on Monday, October 2nd. Raymond James Financial reiterated a “buy” rating on shares of Tempur Sealy International in a report on Thursday, December 7th. TheStreet upgraded Tempur Sealy International from a “c” rating to a “b” rating in a report on Thursday, November 2nd. Finally, ValuEngine upgraded Tempur Sealy International from a “hold” rating to a “buy” rating in a report on Saturday, September 30th.
Shares of Tempur Sealy International (NYSE TPX) opened at $62.33 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.08 and a debt-to-equity ratio of 20.03. Tempur Sealy International has a twelve month low of $39.57 and a twelve month high of $70.45. The stock has a market capitalization of $3,404.71, a PE ratio of 17.50, a P/E/G ratio of 1.28 and a beta of 1.53.
Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $724.80 million for the quarter, compared to analysts’ expectations of $756.10 million. During the same period in the previous year, the firm posted $1.32 EPS. Tempur Sealy International’s revenue was down 12.9% compared to the same quarter last year. equities research analysts anticipate that Tempur Sealy International will post 3.25 earnings per share for the current year.
In other Tempur Sealy International news, EVP H Clifford Buster III bought 18,800 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average cost of $53.03 per share, with a total value of $996,964.00. Following the purchase, the executive vice president now directly owns 18,800 shares of the company’s stock, valued at approximately $996,964. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott L. Thompson bought 19,565 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average cost of $51.19 per share, for a total transaction of $1,001,532.35. Following the completion of the purchase, the chief executive officer now directly owns 245,019 shares in the company, valued at $12,542,522.61. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in Tempur Sealy International by 22.3% in 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. lifted its stake in Tempur Sealy International by 3.8% in 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. Federated Investors Inc. PA lifted its stake in Tempur Sealy International by 60.7% in the 2nd quarter. Federated Investors Inc. PA now owns 24,459 shares of the company’s stock worth $1,305,000 after purchasing an additional 9,241 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Tempur Sealy International during the 2nd quarter valued at approximately $998,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Tempur Sealy International by 5.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,323,574 shares of the company’s stock valued at $391,005,000 after buying an additional 373,986 shares during the period.
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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