Tempur Sealy International (NYSE:TPX) Cut to “C+” at TheStreet

Tempur Sealy International (NYSE:TPXGet Rating) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

TPX has been the topic of several other reports. Raymond James reduced their target price on Tempur Sealy International from $45.00 to $38.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 6th. Loop Capital lowered their target price on Tempur Sealy International from $35.00 to $28.00 in a research note on Tuesday, April 12th. Truist Financial lowered their target price on Tempur Sealy International from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, March 30th. Piper Sandler lowered their target price on Tempur Sealy International from $40.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, April 1st. Finally, Zacks Investment Research lowered Tempur Sealy International from a “hold” rating to a “sell” rating in a research note on Saturday, April 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $38.86.

NYSE TPX opened at $27.11 on Thursday. The business’s 50-day moving average price is $30.24 and its 200 day moving average price is $39.02. Tempur Sealy International has a twelve month low of $25.56 and a twelve month high of $50.51. The company has a market capitalization of $4.85 billion, a PE ratio of 8.86, a price-to-earnings-growth ratio of 0.55 and a beta of 1.82. The company has a current ratio of 1.21, a quick ratio of 0.77 and a debt-to-equity ratio of 7.97.

Tempur Sealy International (NYSE:TPXGet Rating) last released its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.09. Tempur Sealy International had a return on equity of 190.50% and a net margin of 12.66%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. Equities analysts predict that Tempur Sealy International will post 3.34 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Tempur Sealy International by 78.0% during the 1st quarter. SG Americas Securities LLC now owns 47,761 shares of the company’s stock valued at $1,333,000 after purchasing an additional 20,936 shares in the last quarter. Dupont Capital Management Corp grew its stake in Tempur Sealy International by 167.4% during the 1st quarter. Dupont Capital Management Corp now owns 18,622 shares of the company’s stock valued at $520,000 after purchasing an additional 11,658 shares in the last quarter. Truist Financial Corp grew its stake in Tempur Sealy International by 22.3% during the 1st quarter. Truist Financial Corp now owns 139,553 shares of the company’s stock valued at $3,896,000 after purchasing an additional 25,450 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Tempur Sealy International by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 50,400 shares of the company’s stock valued at $1,500,000 after purchasing an additional 900 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in Tempur Sealy International by 9.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 10,864 shares of the company’s stock valued at $324,000 after purchasing an additional 975 shares in the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

About Tempur Sealy International (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the TEMPUR, Tempur-Pedic, Sealy, and Stearns & Foster brands.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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