Tempur Sealy International (TPX) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a sell rating in a research note released on Wednesday.

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. “

A number of other equities research analysts also recently weighed in on TPX. ValuEngine downgraded Tempur Sealy International from a hold rating to a sell rating in a report on Tuesday, June 26th. Bank of America lowered their price target on Tempur Sealy International from $85.00 to $75.00 and set a buy rating for the company in a report on Friday, July 27th. Wedbush reissued an outperform rating and issued a $65.00 price target on shares of Tempur Sealy International in a report on Tuesday, August 7th. Finally, UBS Group raised 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 report on Wednesday, October 3rd. Three 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. The company has a consensus rating of Hold and an average price target of $58.13.



TPX stock traded down $1.63 during midday trading on Wednesday, reaching $45.49. The company’s stock had a trading volume of 882,933 shares, compared to its average volume of 1,073,205. The company has a quick ratio of 0.79, a current ratio of 1.18 and a debt-to-equity ratio of 10.80. Tempur Sealy International has a 1 year low of $41.10 and a 1 year high of $66.87. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.74 and a beta of 1.56.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, July 26th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.11). The firm had revenue of $669.70 million for the quarter, compared to analysts’ expectations of $691.93 million. Tempur Sealy International had a net margin of 5.21% and a return on equity of 120.57%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 EPS. Research analysts expect that Tempur Sealy International will post 3.19 EPS for the current year.

A number of hedge funds have recently made changes to their positions in TPX. Westbourne Investment Advisors Inc. increased its position in shares of Tempur Sealy International by 3.9% in the second quarter. Westbourne Investment Advisors Inc. now owns 25,845 shares of the company’s stock valued at $1,242,000 after buying an additional 975 shares in the last quarter. Legal & General Group Plc increased its position in shares of Tempur Sealy International by 2.0% in the first quarter. Legal & General Group Plc now owns 66,330 shares of the company’s stock valued at $3,004,000 after buying an additional 1,325 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Tempur Sealy International by 111.1% in the second quarter. Captrust Financial Advisors now owns 2,880 shares of the company’s stock valued at $138,000 after buying an additional 1,516 shares in the last quarter. Amalgamated Bank increased its position in shares of Tempur Sealy International by 16.4% in the second quarter. Amalgamated Bank now owns 11,300 shares of the company’s stock valued at $543,000 after buying an additional 1,588 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Tempur Sealy International by 11.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 15,739 shares of the company’s stock valued at $756,000 after buying an additional 1,592 shares in the last quarter.

Tempur Sealy International Company Profile

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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