Wedbush downgrades Tempur Sealy International (NYSE:TPX) to neutral

Tempur Sealy International (NYSE:TPX – Get Free Report) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $52.00 target price on the stock. Wedbush’s price objective indicates a potential upside of 3.69% from the company’s previous close.

Other analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $61.00 price objective on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial cut their price target on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $59.71, according to MarketBeat.com.

Check out our latest report on TPX

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $50.15 on Wednesday. The company has a fifty day simple moving average of $50.24 and a 200 day simple moving average of $51.19. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13. The company has a market cap of $8.71 billion, a P/E ratio of 24.83, a P/E/G ratio of 2.24 and a beta of 1.60. The company has a quick ratio of 0.68, a current ratio of 1.21, and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the company earned $0.58 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. equities research analysts forecast that Tempur Sealy International will post 2.53 EPS for the current year.

Hedge funds influence Tempur Sealy International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Tempur Sealy International in the fourth quarter valued at $121,329,000. Darsana Capital Partners LP boosted its holdings in Tempur Sealy International by 40.0% in the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after buying an additional 2,000,000 shares during the last quarter. Eminence Capital LP boosted its position in Tempur Sealy International by 61.6% in the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after purchasing an additional 857,478 shares during the last quarter. Browning West LP grew its stake in Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares in the last quarter. Finally, Point72 Asset Management LP purchased a new stake in shares of Tempur Sealy International in the second quarter valued at about $37,278,000. Hedge funds and other institutional investors own 99.86% of the company’s shares.

Tempur Sealy International Company Profile

(Get a free report)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes and retails bedding products in the United States and internationally. Offers mattresses, foundations and adjustable foundations and adjustable bases, as well as other products including pillows, mattress covers, sheets, pillows and various other accessories and comfort products under Tempur-Pedic, Sealy, Stearns & Foster, Sealy and Cocoon by Sealy brand name.

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