Brokerages Set Tempur Sealy International Inc (NYSE:TPX) Target Price at $85.80

Tempur Sealy International Inc (NYSE:TPX) has been given an average recommendation of “Buy” by the fourteen analysts that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $85.80.

TPX has been the subject of a number of research reports. Piper Jaffray Companies set a $92.00 price objective on shares of Tempur Sealy International and gave the company a “buy” rating in a report on Friday, July 26th. Guggenheim reiterated a “hold” rating on shares of Tempur Sealy International in a report on Wednesday, June 19th. SunTrust Banks raised their price objective on shares of Tempur Sealy International to $78.00 and gave the company a “hold” rating in a report on Friday, July 26th. Loop Capital upgraded shares of Tempur Sealy International from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Monday, June 24th. Finally, KeyCorp raised their price objective on shares of Tempur Sealy International from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Friday, July 26th.

NYSE TPX traded up $2.63 during trading hours on Thursday, reaching $79.32. The company’s stock had a trading volume of 642,927 shares, compared to its average volume of 880,569. The company’s fifty day simple moving average is $76.95. The firm has a market capitalization of $4.36 billion, a PE ratio of 26.80, a P/E/G ratio of 1.52 and a beta of 1.67. Tempur Sealy International has a 52 week low of $38.90 and a 52 week high of $81.85. The company has a debt-to-equity ratio of 5.79, a quick ratio of 0.88 and a current ratio of 1.21.



Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. The business had revenue of $722.80 million during the quarter, compared to analyst estimates of $723.28 million. Tempur Sealy International had a net margin of 4.42% and a return on equity of 72.95%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, sell-side analysts expect that Tempur Sealy International will post 3.49 earnings per share for the current year.

In other Tempur Sealy International news, EVP Scott Vollet sold 965 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $80.92, for a total transaction of $78,087.80. Following the completion of the transaction, the executive vice president now owns 15,560 shares in the company, valued at approximately $1,259,115.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Evelyn S. Dilsaver sold 464 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $62.31, for a total transaction of $28,911.84. Following the transaction, the director now owns 22,410 shares of the company’s stock, valued at approximately $1,396,367.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,495 shares of company stock valued at $5,224,839. Company insiders own 3.23% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TPX. Penserra Capital Management LLC acquired a new stake in shares of Tempur Sealy International during the 1st quarter worth approximately $28,000. Shine Investment Advisory Services Inc. grew its position in shares of Tempur Sealy International by 26.6% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 913 shares of the company’s stock worth $67,000 after buying an additional 192 shares during the period. NEXT Financial Group Inc grew its position in shares of Tempur Sealy International by 1,356.1% during the 2nd quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock worth $71,000 after buying an additional 895 shares during the period. Ropes Wealth Advisors LLC acquired a new stake in shares of Tempur Sealy International during the 2nd quarter worth approximately $73,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Tempur Sealy International during the 2nd quarter worth approximately $163,000.

About Tempur Sealy International

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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