Tempur Sealy International Inc (TPX) is Downgraded by Longbow to Neutral

Tempur Sealy International Inc (TPX) was Downgraded by Longbow to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Longbow advised their investors in a research report released on Sep 28, 2016.

Many Wall Street Analysts have commented on Tempur Sealy International Inc. Shares were Reiterated by Stifel on Sep 28, 2016 to “Buy” and Lowered the Price Target to $ 72 from a previous price target of $80 .Company shares were Reiterated by Stifel on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $67 .

On the company’s financial health, Tempur Sealy International Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $804.40 million for the quarter, compared to analysts expectations of $785.37 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Tempur Sealy International Inc closed down -0.05 points or -0.07% at $74.45 with 20,40,298 shares getting traded on Tuesday. Post opening the session at $74.64, the shares hit an intraday low of $74.075 and an intraday high of $75.15 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 23, 2016, Richard W Anderson (EVP & President North America) sold 75,000 shares at $76.99 per share price. According to the SEC, on Aug 3, 2016, Robert B Jr Trussell (director) sold 5,000 shares at $75.50 per share price. On Aug 1, 2016, Lou H Jones (EVP, GC & SECRETARY) sold 27,200 shares at $74.49 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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