Tempur Sealy International (NYSE:TPX) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Tempur Sealy International (NYSE:TPX) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Other equities analysts also recently issued reports about the stock. Truist Financial upped their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Bank of America upped their price target on shares of Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush reiterated an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Raymond James cut 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. Finally, KeyCorp upped their price target on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International currently has an average rating of “Buy” and an average target price of $72.75.

Tempur Sealy International Stock Performance

The firm’s 50-day simple moving average is $59.48 and its 200-day simple moving average is $54.63. 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 PE ratio of 27.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $69.55.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Tempur Sealy International by 13.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 449,799 shares of the company’s stock worth $25,499,000 after acquiring an additional 52,792 shares in the last quarter. Waverly Advisors LLC bought a new position in shares of Tempur Sealy International during the fourth quarter valued at approximately $693,000. Vident Advisory LLC boosted its stake in shares of Tempur Sealy International by 19.5% during the fourth quarter. Vident Advisory LLC now owns 6,987 shares of the company’s stock valued at $396,000 after purchasing an additional 1,139 shares in the last quarter. Twinbeech Capital LP boosted its stake in shares of Tempur Sealy International by 154.0% during the fourth quarter. Twinbeech Capital LP now owns 79,209 shares of the company’s stock valued at $4,490,000 after purchasing an additional 48,026 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Tempur Sealy International by 109.9% during the fourth quarter. Two Sigma Advisers LP now owns 344,800 shares of the company’s stock valued at $19,547,000 after purchasing an additional 180,500 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.