TheStreet Lowers Tempur Sealy International, Inc. (TPX) to C+

TheStreet lowered shares of Tempur Sealy International, Inc. (NYSE:TPX) from a b- rating to a c+ rating in a research report report published on Tuesday morning.

A number of other brokerages have also commented on TPX. Zacks Investment Research raised shares of Tempur Sealy International from a hold rating to a buy rating and set a $76.00 price objective on the stock in a report on Wednesday, December 28th. Wedbush reissued a neutral rating and set a $55.00 price objective on shares of Tempur Sealy International in a report on Wednesday, November 30th. Instinet lowered shares of Tempur Sealy International from a buy rating to a neutral rating and decreased their price objective for the stock from $85.00 to $50.00 in a report on Monday, January 30th. Nomura lowered shares of Tempur Sealy International from a buy rating to a neutral rating in a report on Monday, January 30th. Finally, SunTrust Banks, Inc. lowered shares of Tempur Sealy International from a hold rating to a sell rating and set a $33.00 price objective on the stock. in a report on Monday, January 30th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Tempur Sealy International has an average rating of Hold and a consensus target price of $67.58.

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

Tempur Sealy International (NYSE:TPX) traded up 0.60% during mid-day trading on Tuesday, hitting $48.23. 1,446,561 shares of the company were exchanged. The company has a 50 day moving average of $57.39 and a 200 day moving average of $64.30. The stock has a market cap of $2.79 billion, a P/E ratio of 23.31 and a beta of 1.69. Tempur Sealy International has a 12-month low of $41.11 and a 12-month high of $82.32.

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Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, February 16th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.05. Tempur Sealy International had a net margin of 4.08% and a return on equity of 112.05%. The firm had revenue of $769.50 million for the quarter, compared to analyst estimates of $741.87 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The company’s revenue was up .3% on a year-over-year basis. On average, equities research analysts expect that Tempur Sealy International will post $3.01 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capstone Investment Advisors LLC acquired a new position in Tempur Sealy International during the second quarter worth about $1,797,000. Jabre Capital Partners S.A. increased its position in Tempur Sealy International by 566.7% in the second quarter. Jabre Capital Partners S.A. now owns 50,000 shares of the company’s stock worth $2,406,000 after buying an additional 42,500 shares during the last quarter. Folger Hill Asset Management LP acquired a new position in Tempur Sealy International during the second quarter worth about $12,759,000. Stillwater Investment Management L.P. acquired a new position in Tempur Sealy International during the second quarter worth about $4,824,000. Finally, Coe Capital Management LLC increased its stake in shares of Tempur Sealy International by 230.8% in the second quarter. Coe Capital Management LLC now owns 67,906 shares of the company’s stock worth $3,756,000 after buying an additional 47,381 shares in the last quarter.

About Tempur Sealy International

Tempur Sealy International, Inc is a bedding provider. The Company develops, manufactures, markets and distributes bedding products. It operates in two segments: North America, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada, and International, which consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America.

5 Day Chart for NYSE:TPX

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