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TPX

Tempur Sealy

$44.53

-0.01 (-0.02%)

, CONN

Conn's

$27.65

0.15 (0.55%)

13:47
04/12/18
04/12
13:47
04/12/18
13:47

KeyBanc uncovers another retailer moving away from Tempur Sealy

KeyBanc analyst Bradley Thomas came across an "interesting datapoint that is negative" for Tempur Sealy (TPX) during his recent mattress industry channel checks. A smaller retailer, with less than 50 stores, is in the process of changing its floor to Serta Simmons Bedding from Tempur, Thomas tells investors in a research note. Despite being pleased with Tempur's product and productivity, the retailer said Serta-Simmons was offering substantially better terms, Thomas writes. He believes this development, which follows Conn's (CONN) similar decision in Q4, highlights the "continued competitive challenges" in the mattress sector. Thomas has a Sector Weight rating on Tempur Sealy. The stock in afternoon trading is down 35c to $44.19.

TPX

Tempur Sealy

$44.53

-0.01 (-0.02%)

CONN

Conn's

$27.65

0.15 (0.55%)

  • 18

    Apr

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    Apr

  • 03

    May

TPX Tempur Sealy
$44.53

-0.01 (-0.02%)

02/07/18
02/07/18
UPGRADE
Target $65

Outperform
Tempur Sealy upgraded to Outperform at Wedbush
As previously reported, Wedbush analyst Seth Basham upgraded Tempur Sealy to Outperform from Neutral saying that given struggles at Mattress Firm and accounting irregularities at its parent company, it has the opportunity to capture significant market share. The analyst also raised his price target on the shares to $65 from $60.
03/01/18
LOOP
03/01/18
INITIATION
Target $49
LOOP
Hold
Tempur Sealy initiated with a Hold at Loop Capital
Loop Capital analyst Laura Champine started Tempur Sealy with a Hold rating and $49 price target. The analyst views the stock as "risky" given the company's "volatile" U.S. sales.
03/02/18
03/02/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Home Depot (HD), Lowe's (LOW), Tempur Sealy (TPX), Mohawk (MHK), Lumber Liquidators (LL) and Michaels (MIK) initiated with a Hold at Loop Capital. The firm also started Fortune Brands (FBHS) and Wayfair (W) with a Buy. 2. Aflac (AFL), Lincoln National (LNC), Brighthouse Financial (BHF), MetLife (MET) Unum (UNM), Principal Financial (PFG) and Reinsurance Group (RGA) initiated with a Neutral at UBS. The firm also initiated Voya (VOYA) and FGL Holdings (FG) with a Buy and Torchmark (TMK) and American Equity (AEL) with a Sell. 3. HP Enterprise (HPE) initiated with a Neutral at JPMorgan. 4. Caterpillar (CAT), Deere (DE), United Rentals (URI) and Wabco (WBC) initiated with an Overweight, Oshkosh (OSK), Terex (TEX), Cummins (CMI), CNH Industrial (CNHI) and REV Group (REVG) initiated with an Equal Weight and Paccar (PCAR) and Agco (AGCO) initiated with an Underweight at Morgan Stanley. 5. Conatus (CNAT) initiated with an Outperform at Oppenheimer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/12/18
PIPR
03/12/18
NO CHANGE
Target $66
PIPR
Overweight
Tempur Sealy price target lowered to $66 from $75 at Piper Jaffray
Piper Jaffray analyst Peter Keith lowered his price target for Tempur Sealy to $66 saying he's "incrementally less positive" following his firm's February survey work. Consensus Q1 sales and EBITDA estimates look too high, the Tempur-Adapt launch appears to be "delayed somewhat," and Mattress Firm has gained share as of late with its aggressive Presidents' Day weekend promotions, Keith tells investors in a research note. The analyst lowered his Q1 estimates for Tempur but keeps an Overweight rating on the name.
CONN Conn's
$27.65

0.15 (0.55%)

12/07/17
RAJA
12/07/17
NO CHANGE
RAJA
Strong Buy
Conn's discontinuing sale of Tempur Sealy old news, says Raymond James
Raymond James analyst Budd Bugatch notes that a story has surfaced in the press that Conn's (CONN) had discontinued the sale of Tempur Sealy (TPX) products in favor of those from another manufacturer, Serta Simmons Bedding. The analyst had previously heard about this, and points out that Tempur Sealy merchandise has been off Conn's floors for a few months. Not only was this not new news, it was, in fact, way old news, he adds, saying that the impact of this is included in Tempur Sealy guidance and communications with the investment community. He reiterates a Strong Buy rating on Tempur Sealy shares.
12/08/17
WEDB
12/08/17
NO CHANGE
WEDB
Neutral
Tempur Sealy news this week not 'game-changing' despite volatility, says Wedbush
Wedbush analyst Seth Basham noted that news of accounting irregularities at Mattress Firm parent Steinhoff, which he views as incrementally positive for Tempur Sealy (TPX), and news that Conn's (CONN) had stopped selling its products, which he sees as incrementally negative, drove volatility in the stock this week. However, he sees neither bit of news as game-changing for Tempur Sealy. While a "fire sale" of Mattress Firm is not out of the question, it is unlikely at this time, said Basham, who keeps a Neutral rating on Tempur Sealy shares.
12/14/17
SPHN
12/14/17
NO CHANGE
Target $44
SPHN
Overweight
Conn's price target raised to $44 from $39 at Stephens
Stephens analyst Rick Nelson raised his price target on Conn's to $44 from $39 after the company achieved its lowest all-in costs for its latest securitization since entering the market in 2015. The analyst, who sees store growth on the horizon for Conn's, keeps an Overweight rating on the shares.
04/06/18
KEYB
04/06/18
NO CHANGE
Target $42
KEYB
Overweight
Conn's comps should accelerate in first half of year, says KeyBanc
KeyBanc analyst Bradley Thomas says that while Conn's comps in the Q4 were disappointing, the company is positioned for "healthy sequential improvement in trend" in Q1 and Q2 comps. Conn's remains a credit turnaround story, which should continue as a "material" earnings driver over the next 12-24 months, Thomas tells investors in a post-earnings research note. He reiterates an Overweight rating on the shares with a $42 price target.

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