Tempur Sealy International’s (TPX) Outperform Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of Tempur Sealy International (NYSE:TPX) in a research report released on Thursday morning, RTT News reports. Wedbush currently has a $83.00 price objective on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q1 2020 earnings at $0.93 EPS, Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $1.59 EPS and Q4 2020 earnings at $1.77 EPS.

Several other research firms have also recently issued reports on TPX. Loop Capital upgraded Tempur Sealy International from a sell rating to a hold rating and set a $70.00 price objective on the stock in a report on Monday, June 24th. Guggenheim reaffirmed a hold rating on shares of Tempur Sealy International in a research report on Wednesday, June 19th. Bank of America increased their target price on Tempur Sealy International from $85.00 to $100.00 in a research report on Tuesday, June 18th. Raymond James increased their target price on Tempur Sealy International from $77.00 to $90.00 and gave the stock a strong-buy rating in a research report on Monday, June 24th. Finally, Zacks Investment Research lowered Haynes International from a hold rating to a sell rating in a research report on Wednesday, May 8th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $75.79.

TPX stock opened at $77.22 on Thursday. Tempur Sealy International has a 52-week low of $38.90 and a 52-week high of $78.59. The business’s fifty day simple moving average is $71.96. The company has a quick ratio of 0.85, a current ratio of 1.18 and a debt-to-equity ratio of 6.95. The firm has a market capitalization of $4.24 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.52 and a beta of 1.69.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $690.90 million for the quarter, compared to analysts’ expectations of $666.42 million. During the same quarter last year, the firm earned $0.46 earnings per share. The business’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Tempur Sealy International will post 3.39 EPS for the current year.

In related news, Director Evelyn S. Dilsaver sold 418 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $73.10, for a total value of $30,555.80. Following the transaction, the director now directly owns 23,918 shares of the company’s stock, valued at approximately $1,748,405.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Evelyn S. Dilsaver sold 470 shares of the stock in a transaction on Monday, April 22nd. The stock was 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 in the company, valued at $1,195,439.68. The disclosure for this sale can be found here. Insiders sold a total of 28,225 shares of company stock worth $2,002,217 over the last ninety days. Corporate insiders own 3.23% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new position in Tempur Sealy International in the first quarter valued at about $28,000. NEXT Financial Group Inc raised its position in Tempur Sealy International by 1,356.1% in the second quarter. NEXT Financial Group Inc now owns 961 shares of the company’s stock valued at $71,000 after purchasing an additional 895 shares during the period. PNC Financial Services Group Inc. raised its position in Tempur Sealy International by 14.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,949 shares of the company’s stock valued at $80,000 after purchasing an additional 248 shares during the period. Leavell Investment Management Inc. purchased a new position in Tempur Sealy International in the second quarter valued at about $220,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in Tempur Sealy International in the first quarter valued at about $202,000.

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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