Tempur Sealy International (NYSE: TPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Zacks.com reports. The brokerage currently has a price target of $ 54.00 on the stock. Zacks Investment Research’s target price would suggest a potential rise of 12.69% from the company’s previous close.
According to Zacks, “Tempur Sealy International, Inc. is involved in the development, manufacture and marketing of bedding products primarily in North America and internationally. It provides mattresses, adjustable box springs, 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. “
Several other analysts also recently commented on the company. KeyCorp raised its price target on Tempur Sealy International from $ 45 to $ 50.00 and gave the company an “overweight” rating in a Friday July 30th research note. Raymond James raised his price target on Tempur Sealy International from $ 46.00 to $ 55 and gave the company a “strong buy” rating in a research note on Friday, July 30. Finally, Wedbush raised its price target on Tempur Sealy International from $ 45 to $ 53.00 and gave the company an “outperformance” rating in a Friday July 30 research note. Two equity research analysts rated the stock with a conservation rating, five issued a buy rating, and one gave the stock a high buy rating. According to MarketBeat data, the stock currently has a consensus rating of “Buy” and an average price target of $ 46.68.
Tempur Sealy International stock opened at $ 47.92 on Friday. Tempur Sealy International has a minimum of $ 21.19 over 52 weeks and a maximum of $ 50.51 over 52 weeks. The company has a debt to equity ratio of 3.67, a quick ratio of 0.70, and a current ratio of 1.08. The company has a market cap of $ 9.42 billion, a P / E ratio of 18.77, a PEG ratio of 0.68 and a beta of 1.98. The stock has a 50-day simple moving average of $ 45.77 and a 200-day simple moving average of $ 41.40.
Tempur Sealy International (NYSE: TPX) last released its quarterly earnings data on Thursday, July 29. The company reported EPS of $ 0.79 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.60 of $ 0.19. The company posted revenue of $ 1.17 billion in the quarter, compared to a consensus estimate of $ 1.15 billion. Tempur Sealy International posted a return on equity of 142.29% and a net margin of 12.21%. As a group, analysts expect Tempur Sealy International to post earnings per share of 3.23 for the current year.
In other news from Tempur Sealy International, CEO H Clifford Buster III sold 40,000 shares of the company in a deal dated Tuesday, August 31. The stock was sold for an average price of $ 45.01, for a total value of $ 1,800,400.00. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. Additionally, Executive Vice President Scott Vollet sold 56,436 shares of the company in a transaction dated Thursday, July 29. The shares were sold for an average price of $ 43.36, for a total value of $ 2,447,064.96. Disclosure of this sale can be found here. Insiders have sold a total of 296,636 shares of the company valued at $ 14,126,665 in the past ninety days. Company insiders own 3.78% of the company’s shares.
Several institutional investors have recently changed their positions in TPX. Goldman Sachs Group Inc. increased its stake in the shares of Tempur Sealy International by 50.8% during the second quarter. Goldman Sachs Group Inc. now owns 5,070,090 shares of the company valued at $ 198,697,000 after acquiring an additional 1,708,898 shares in the last quarter. Scopus Asset Management LP acquired a new position in Tempur Sealy International in the first quarter valued at approximately $ 61,695,000. FIL Ltd acquired a new position in Tempur Sealy International in the first quarter valued at approximately $ 59,347,000. State Street Corp increased its stake in Tempur Sealy International by 16.2% in the second quarter. State Street Corp now owns 6,424,376 shares of the company valued at $ 251,771,000 after purchasing an additional 894,074 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Tempur Sealy International by 4.1% in the second quarter. Vanguard Group Inc. now owns 19,497,795 shares of the company valued at $ 764,119,000 after purchasing an additional 768,391 shares last quarter. Institutional investors hold 93.18% of the company’s shares.
About Tempur Sealy International
Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through the North America and International segments. The North America segment includes the manufacturing and distribution subsidiaries Tempur and Sealy, joint ventures and licensees located in the United States.
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