Tempur Sealy International (TPX) Boosted to Hold at ValuEngine


ValuEngine upgraded shares of Tempur Sealy International (NYSE:TPX) from a sell rating to a hold rating in a research note published on Wednesday morning.


A number of other research analysts also recently issued reports on TPX. Zacks Investment Research downgraded shares of Tempur Sealy International from a hold rating to a sell rating in a research report on Wednesday, October 24th. Guggenheim upgraded Tempur Sealy International from a neutral rating to a buy rating in a research note on Monday, January 7th. Wedbush set a $65.00 price objective on Tempur Sealy International and gave the company a buy rating in a report on Wednesday, October 3rd. UBS Group raised shares of Tempur Sealy International from a sell rating to a neutral rating and raised their price target for the stock from $45.00 to $55.00 in a research report on Wednesday, October 3rd. Finally, Loop Capital reissued a sell rating on shares of Tempur Sealy International in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Tempur Sealy International has an average rating of Hold and a consensus target price of $58.13.

Shares of TPX opened at $48.05 on Wednesday. Tempur Sealy International has a 1-year low of $38.90 and a 1-year high of $65.73. The company has a market cap of $2.60 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.68 and a beta of 1.66. The company has a debt-to-equity ratio of 7.71, a current ratio of 1.20 and a quick ratio of 0.90.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 1st. The company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.16). Tempur Sealy International had a net margin of 5.12% and a return on equity of 97.08%. The business had revenue of $729.50 million for the quarter, compared to analyst estimates of $744.03 million. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Tempur Sealy International will post 2.95 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd purchased a new position in shares of Tempur Sealy International during the second quarter valued at approximately $174,000. Rehmann Capital Advisory Group boosted its stake in Tempur Sealy International by 5,189.8% during the third quarter. Rehmann Capital Advisory Group now owns 9,310 shares of the company’s stock worth $176,000 after buying an additional 9,134 shares during the period. Cubist Systematic Strategies LLC boosted its stake in shares of Tempur Sealy International by 90.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 4,210 shares of the company’s stock valued at $202,000 after buying an additional 2,003 shares during the period. Sheaff Brock Investment Advisors LLC purchased a new stake in Tempur Sealy International in the third quarter valued at approximately $206,000. Finally, Lourd Capital LLC purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $215,000.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products. The company operates through two segments, North America and International. It provides mattresses, foundations, and adjustable bases, as well as other products comprising pillows and other accessories under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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