Tempur Sealy International (NYSE:TPX) Price Target Raised to $78.00 at SunTrust Banks
Tempur Sealy International (NYSE:TPX) had its price target increased by SunTrust Banks to $78.00 in a research report report published on Friday, The Fly reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Tempur Sealy International’s Q3 2019 earnings at $1.12 EPS, FY2019 earnings at $3.36 EPS, Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $1.64 EPS, Q4 2020 earnings at $1.38 EPS and FY2020 earnings at $4.75 EPS.
Several other research firms have also commented on TPX. TheStreet lowered shares of TIM Participacoes from a b rating to a c+ rating in a research note on Tuesday, June 4th. Raymond James raised their price objective on shares of Tempur Sealy International from $77.00 to $90.00 and gave the company a strong-buy rating in a research note on Monday, June 24th. Zacks Investment Research lowered shares of Haynes International from a hold rating to a sell rating in a research note on Wednesday, May 8th. ValuEngine raised shares of William Lyon Homes from a strong sell rating to a sell rating in a research note on Wednesday, April 10th. Finally, Bank of America raised their price objective on shares of Tempur Sealy International from $85.00 to $100.00 in a research note on Tuesday, June 18th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $77.45.
TPX stock traded up $1.38 during mid-day trading on Friday, hitting $80.88. 1,073,521 shares of the company were exchanged, compared to its average volume of 759,005. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 5.79. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 1.55 and a beta of 1.69. The firm’s fifty day simple moving average is $73.68. Tempur Sealy International has a 12-month low of $38.90 and a 12-month high of $81.36.
In related news, EVP Scott Vollet sold 3,873 shares of Tempur Sealy International stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $65.39, for a total value of $253,255.47. Following the completion of the transaction, the executive vice president now owns 21,150 shares in the company, valued at $1,382,998.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evelyn S. Dilsaver sold 397 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $77.32, for a total transaction of $30,696.04. Following the sale, the director now directly owns 24,666 shares in the company, valued at approximately $1,907,175.12. The disclosure for this sale can be found here. Insiders sold 28,152 shares of company stock valued at $2,004,299 in the last quarter. 3.23% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in TPX. Dimensional Fund Advisors LP raised its holdings in Tempur Sealy International by 20.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,031,300 shares of the company’s stock worth $42,696,000 after purchasing an additional 174,626 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in Tempur Sealy International by 1,581.2% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 134,544 shares of the company’s stock worth $7,760,000 after purchasing an additional 126,541 shares in the last quarter. FMR LLC raised its holdings in Tempur Sealy International by 15.1% during the first quarter. FMR LLC now owns 917,900 shares of the company’s stock worth $52,935,000 after purchasing an additional 120,656 shares in the last quarter. Norges Bank acquired a new stake in Tempur Sealy International during the fourth quarter worth approximately $4,747,000. Finally, Garnet Equity Capital Holdings Inc. acquired a new stake in Tempur Sealy International during the second quarter worth approximately $2,935,000.
About Tempur Sealy International
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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