Tempur Sealy International (NYSE:TPX) Upgraded at Loop Capital

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Loop Capital upgraded shares of Tempur Sealy International (NYSE:TPX) from a sell rating to a hold rating in a research report released on Monday morning, Benzinga reports. Loop Capital currently has $70.00 price objective on the stock.

Several other research firms also recently issued reports on TPX. KeyCorp increased their price objective on shares of Tempur Sealy International from $80.00 to $90.00 and gave the company a positive rating in a report on Tuesday, June 18th. ValuEngine raised shares of Tempur Sealy International from a hold rating to a buy rating in a report on Wednesday, April 10th. SunTrust Banks decreased their price objective on shares of Tempur Sealy International to $68.00 and set an average rating on the stock in a report on Thursday, June 20th. They noted that the move was a valuation call. Wedbush reaffirmed an outperform rating and set a $74.00 price objective on shares of Tempur Sealy International in a report on Tuesday, June 18th. Finally, Zacks Investment Research downgraded shares of Tempur Sealy International from a hold rating to a sell rating in a report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $74.79.

TPX opened at $71.92 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 6.95. The stock has a market capitalization of $3.97 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 1.43 and a beta of 1.67. Tempur Sealy International has a 52-week low of $38.90 and a 52-week high of $75.41. The firm’s fifty day moving average is $66.10.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.07. The business had revenue of $690.90 million for the quarter, compared to the consensus estimate of $666.42 million. Tempur Sealy International had a net margin of 3.82% and a return on equity of 78.28%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. As a group, sell-side analysts expect that Tempur Sealy International will post 3.38 earnings per share for the current fiscal year.

In other news, Director Evelyn S. Dilsaver sold 464 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $62.31, for a total value of $28,911.84. Following the transaction, the director now directly owns 22,410 shares of the company’s stock, valued at $1,396,367.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Evelyn S. Dilsaver sold 418 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $73.10, for a total transaction of $30,555.80. Following the completion of the transaction, the director now directly owns 23,918 shares in the company, valued at $1,748,405.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,225 shares of company stock worth $2,002,217. Insiders own 3.23% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors lifted its stake in shares of Tempur Sealy International by 15.0% in the fourth quarter. Captrust Financial Advisors now owns 1,506 shares of the company’s stock worth $62,000 after buying an additional 196 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Tempur Sealy International by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the company’s stock worth $709,000 after buying an additional 200 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Tempur Sealy International by 14.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock worth $80,000 after buying an additional 248 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Tempur Sealy International by 0.4% in the first quarter. California State Teachers Retirement System now owns 73,308 shares of the company’s stock worth $4,228,000 after buying an additional 260 shares in the last quarter. Finally, American International Group Inc. lifted its stake in shares of Tempur Sealy International by 0.4% in the fourth quarter. American International Group Inc. now owns 93,601 shares of the company’s stock worth $3,875,000 after buying an additional 351 shares in the last quarter.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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