Tempur Sealy International Inc (NYSE:TPX) Receives Average Rating of “Buy” from Brokerages

Tempur Sealy International Inc (NYSE:TPX) has been assigned an average recommendation of “Buy” from the twelve analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $78.25.

Several equities research analysts have recently weighed in on the company. Bank of America upped their target price on Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. TheStreet downgraded TIM Participacoes from a “b” rating to a “c+” rating in a research report on Tuesday, June 4th. Loop Capital raised Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 target price for the company in a research report on Monday, June 24th. ValuEngine raised William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th.

In related news, EVP David Montgomery sold 20,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $73.63, for a total value of $1,472,600.00. Following the completion of the transaction, the executive vice president now owns 320,077 shares of the company’s stock, valued at $23,567,269.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Evelyn S. Dilsaver sold 470 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $60.88, for a total value of $28,613.60. Following the completion of the transaction, the director now directly owns 19,636 shares of the company’s stock, valued at approximately $1,195,439.68. The disclosure for this sale can be found here. Insiders sold 28,225 shares of company stock valued at $2,002,217 in the last three months. 3.23% of the stock is currently owned by company insiders.



Institutional investors and hedge funds have recently modified their holdings of the stock. Hanseatic Management Services Inc. acquired a new stake in Tempur Sealy International in the 2nd quarter valued at approximately $696,000. Machina Capital S.A.S. increased its position in Tempur Sealy International by 918.0% in the 2nd quarter. Machina Capital S.A.S. now owns 4,072 shares of the company’s stock valued at $299,000 after acquiring an additional 3,672 shares during the period. Leavell Investment Management Inc. acquired a new stake in Tempur Sealy International in the 2nd quarter valued at approximately $220,000. NEXT Financial Group Inc increased its position in Tempur Sealy International by 1,356.1% in the 2nd quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock valued at $71,000 after acquiring an additional 895 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Tempur Sealy International by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,506 shares of the company’s stock valued at $1,358,000 after acquiring an additional 262 shares during the period.

Shares of NYSE TPX traded down $0.21 on Friday, hitting $77.22. The company had a trading volume of 631,618 shares, compared to its average volume of 755,307. Tempur Sealy International has a 12-month low of $38.90 and a 12-month high of $78.59. The company has a 50 day moving average price of $71.96. The company has a debt-to-equity ratio of 6.95, a current ratio of 1.18 and a quick ratio of 0.85. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 1.52 and a beta of 1.69.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, May 2nd. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.07. Tempur Sealy International had a return on equity of 78.28% and a net margin of 3.82%. The company had revenue of $690.90 million during the quarter, compared to the consensus estimate of $666.42 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts predict that Tempur Sealy International will post 3.41 EPS for the current year.

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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