Tempur Sealy International (NYSE:TPX) Rating Lowered to Hold at StockNews.com

Tempur Sealy International (NYSE:TPX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other research firms have also recently weighed in on TPX. Raymond James lowered their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Piper Sandler raised their target price on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Truist Financial lifted their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Bank of America increased their price objective on Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Wedbush reissued an “outperform” rating and issued a $80.00 price objective (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $73.25.

Tempur Sealy International Price Performance

The company’s fifty day moving average is $59.48 and its 200-day moving average is $54.63. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $69.55. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The company has a market capitalization of $11.94 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.18 and a beta of 1.64.

Hedge Funds Weigh In On Tempur Sealy International

Hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in Tempur Sealy International during the 3rd quarter worth about $27,000. Private Trust Co. NA lifted its holdings in shares of Tempur Sealy International by 49.2% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Tempur Sealy International by 92.7% during the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares during the period. Versant Capital Management Inc boosted its position in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after buying an additional 482 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in Tempur Sealy International by 72.0% in the 4th quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $46,000 after buying an additional 337 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails 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-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.