Tempur Sealy International Inc (TPX) is Initiated by Topeka Capital Markets to Hold, Price Target at $61

Tempur Sealy International Inc (TPX) was Initiated by Topeka Capital Markets to “Hold” and the brokerage firm has set the Price Target at $61. Topeka Capital Markets advised their investors in a research report released on May 24, 2016.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Tempur Sealy International Inc was Upgraded by Raymond James to ” Outperform” on Apr 28, 2016. Wedbush Downgraded Tempur Sealy International Inc on Apr 22, 2016 to ” Neutral”, Price Target of the shares are set at $58.Tempur Sealy International Inc was Initiated by Longbow to “Buy” on Mar 15, 2016.

On the company’s financial health, Tempur Sealy International Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.62. The company had revenue of $721.00 million for the quarter, compared to analysts expectations of $773.08 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.55 EPS.

Tempur Sealy International Inc opened for trading at $57.81 and hit $58.575 on the upside on Friday, eventually ending the session at $58.39, with a gain of 1.83% or 1.05 points. The heightened volatility saw the trading volume jump to 20,15,734 shares. Company has a market cap of $3,557 M.

In a different news, on May 17, 2016, Jay G Spenchian (EVP, Chief Marketing Officer) purchased 8,800 shares at $56.90 per share price. According to the SEC, on May 3, 2016, Scott L Thompson (CEO) purchased 16,679 shares at $59.96 per share price. On May 3, 2016, Barry Hytinen (CFO) purchased 16,665 shares at $60.19 per share price, according to the Form-4 filing with the securities and exchange commission.

Tempur Sealy International Inc. is a bedding provider. The Company develops manufactures markets and distributes bedding products which it sells globally in approximately 100 countries. The Company operates in three segments: Tempur North America Tempur International and Sealy. The Company’s brand portfolio includes TEMPUR Tempur-Pedic Sealy Sealy Posturepedic Optimum and Stearns & Foster. The Company sells its products through three distribution channels in each operating business segment: Retail which consists of furniture and bedding retailers department stores specialty retailers and warehouse clubs; Direct which consists of electronic commerce (e-commerce) platform Company-owned stores and call center and Other which includes third party distributors hospitality and healthcare customers.

Tempur Sealy International Inc

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