Tempur Sealy International (NYSE:TPX) Downgraded by StockNews.com to Hold

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

Several other equities research analysts have also commented on the company. Bank of America upped their price objective on Tempur Sealy International from $73.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wedbush restated an “outperform” rating and issued a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. Raymond James reduced their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a report on Wednesday, February 5th. Finally, KeyCorp upped their target price on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $73.25.

Tempur Sealy International Price Performance

The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $69.55. The business has a 50 day moving average of $59.48 and a two-hundred day moving average of $54.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TPX. Blue Trust Inc. boosted its holdings in shares of Tempur Sealy International by 1,004.1% during the 3rd quarter. Blue Trust Inc. now owns 2,429 shares of the company’s stock valued at $133,000 after purchasing an additional 2,209 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Tempur Sealy International by 4,594.4% during the 3rd quarter. International Assets Investment Management LLC now owns 5,023 shares of the company’s stock valued at $274,000 after purchasing an additional 4,916 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 2.6% during the 3rd quarter. Argent Capital Management LLC now owns 67,606 shares of the company’s stock valued at $3,691,000 after purchasing an additional 1,706 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Tempur Sealy International by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,054 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Custom Index Systems LLC bought a new position in shares of Tempur Sealy International during the 3rd quarter valued at about $368,000. Institutional investors own 99.86% of the company’s stock.

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.