TPX has been the subject of several other research reports. Off Wall Street reaffirmed a sell rating on shares of Tempur Sealy International in a research report on Tuesday, January 31st. Instinet lowered shares of Tempur Sealy International from a buy rating to a neutral rating and dropped their price target for the stock from $85.00 to $50.00 in a research report on Monday, January 30th. Raymond James Financial, Inc. raised shares of Tempur Sealy International from a market perform rating to an outperform rating and set a $53.00 price target for the company in a research report on Friday, February 17th. SunTrust Banks, Inc. lowered shares of Tempur Sealy International from a hold rating to a sell rating and set a $33.00 price target for the company. in a research report on Monday, January 30th. Finally, Wedbush reaffirmed a neutral rating and set a $45.00 price target (down previously from $55.00) on shares of Tempur Sealy International in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Tempur Sealy International has a consensus rating of Hold and a consensus target price of $57.60.
Shares of Tempur Sealy International (NYSE:TPX) traded up 1.604% during midday trading on Thursday, reaching $46.565. 435,408 shares of the company traded hands. The company has a 50 day moving average of $45.73 and a 200 day moving average of $53.66. The firm has a market capitalization of $2.51 billion, a P/E ratio of 13.696 and a beta of 1.69. Tempur Sealy International has a 12 month low of $39.57 and a 12 month high of $82.32.
Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.72 by $0.24. Tempur Sealy International had a net margin of 4.08% and a return on equity of 112.05%. The firm had revenue of $722.10 million during the quarter, compared to analyst estimates of $725.44 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Tempur Sealy International’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts predict that Tempur Sealy International will post $3.23 earnings per share for the current fiscal year.
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In related news, Director Jon L. Luther acquired 2,750 shares of Tempur Sealy International stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $48.45 per share, for a total transaction of $133,237.50. Following the purchase, the director now directly owns 13,668 shares of the company’s stock, valued at approximately $662,214.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Rehan Jaffer acquired 640,000 shares of Tempur Sealy International stock in a transaction on Tuesday, May 16th. The shares were bought at an average price of $47.68 per share, for a total transaction of $30,515,200.00. The disclosure for this purchase can be found here. Insiders bought 1,872,750 shares of company stock valued at $90,061,731 over the last 90 days. Insiders own 3.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TPX. PNC Financial Services Group Inc. increased its position in Tempur Sealy International by 14.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,131 shares of the company’s stock worth $100,000 after buying an additional 273 shares during the period. Tyers Asset Management LLC bought a new position in Tempur Sealy International during the fourth quarter worth approximately $203,000. AQR Capital Management LLC bought a new position in Tempur Sealy International during the fourth quarter worth approximately $237,000. Flinton Capital Management LLC bought a new position in Tempur Sealy International during the fourth quarter worth approximately $246,000. Finally, Cipher Capital LP bought a new position in Tempur Sealy International during the fourth quarter worth approximately $297,000.
Tempur Sealy International Company Profile
Tempur Sealy International, Inc is a bedding manufacturer. The Company develops, manufactures, markets and distributes bedding products. The Company operates in two segments: North America and International. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the United States and Canada.
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