Guggenheim Remains a Hold on Tempur Sealy (TPX)


In a report released today, Robert Drbul from Guggenheim maintained a Hold rating on Tempur Sealy (TPX). The company’s shares opened today at $71.25, close to its 52-week high of $74.57.

Drbul said:

“We note MFRM’s store base is roughly 20% smaller than it was when the parties last had an active selling relationship, while the company has a new management team and merchandising/ customer approach that TPX spoke favorably of. In particular, TPX noted MFRM’s more customer-centric approach on today’s conference call. We believe this agreement should bring some stability to the U.S. bedding market, while expanding TPX’s distribution and share of voice in the marketplace.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 9.0% and a 66.3% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Capri Holdings Limited, and Ascena Retail Group.

Currently, the analyst consensus on Tempur Sealy is a Moderate Buy with an average price target of $79.11, an 11.0% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a $78 price target.

See today’s analyst top recommended stocks >>

Tempur Sealy’s market cap is currently $3.85B and has a P/E ratio of 36.76. The company has a Price to Book ratio of 15.27.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock.

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Tempur Sealy International, Inc. develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada.

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