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Recommendations
Tempur Sealy price target raised to $110 from $100 at Wedbush » 08:48
09/15/20
09/15
08:48
09/15/20
08:48
TPX

Tempur Sealy

$92.92 /

+7.175 (+8.37%)

Wedbush analyst Seth…

Wedbush analyst Seth Basham raised the firm's price target on Tempur Sealy to $110 from $100 and keeps an Outperform rating on the shares. The analyst notes the company provided a favorable update to its Q3 outlook along with repayment of its incremental term loan, termination of its shareholder rights plan and promotion of Cliff Buster to CEO of Tempur Sealy North America. Basham looks favorably on all of these announcements.

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TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

09/15/20 Truist
Tempur Sealy price target raised to $115 from $100 at Truist
09/15/20 Loop Capital
Tempur Sealy price target raised to $110 from $100 at Loop Capital
09/14/20 BofA
Tempur Sealy price target raised to $130 from $120 at BofA
07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

Recommendations
Tempur Sealy price target raised to $115 from $100 at Truist » 07:29
09/15/20
09/15
07:29
09/15/20
07:29
TPX

Tempur Sealy

$92.92 /

+7.175 (+8.37%)

Truist analyst Keith…

Truist analyst Keith Hughes raised the firm's price target on Tempur Sealy to $115 from $100 and keeps a Buy rating on the shares. Tempur Sealy provided a Q3 sales update ahead of expectations, with sales up over 30%, continuing very strong sales trends, Hughes tells investors in a research note.

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TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

09/15/20 Loop Capital
Tempur Sealy price target raised to $110 from $100 at Loop Capital
09/14/20 BofA
Tempur Sealy price target raised to $130 from $120 at BofA
07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

Recommendations
Tempur Sealy price target raised to $110 from $100 at Loop Capital » 07:27
09/15/20
09/15
07:27
09/15/20
07:27
TPX

Tempur Sealy

$92.92 /

+7.175 (+8.37%)

Loop Capital analyst…

Loop Capital analyst Laura Champine raised the firm's price target on Tempur Sealy to $110 from $100 and keeps a Buy rating on the shares. Champine says Tempur Sealy's Q3 results indicate an acceleration of Tempurpedic brand growth. The analyst believes Covid is diverting consumer dollars away from vacations and towards making homes more comfortable.

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TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

09/14/20 BofA
Tempur Sealy price target raised to $130 from $120 at BofA
07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

TPX Tempur Sealy
$92.92 /

+7.175 (+8.37%)

Recommendations
Tempur Sealy price target raised to $130 from $120 at BofA » 12:19
09/14/20
09/14
12:19
09/14/20
12:19
TPX

Tempur Sealy

$93.49 /

+7.75 (+9.04%)

BofA analyst Curtis Nagle…

BofA analyst Curtis Nagle raised the firm's price target on Tempur Sealy to $130 from $120 and keeps a Buy rating on the shares after the company provided a "positive" sales update for Q3. Nagle says the company's better performance in Q3, including that it now expects Q3 sales to grow over 30% y/y vs. 25% previously, is attributable to the high margin Tempur brand. The analyst believes solid growth is sustainable into at least next year.

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TPX Tempur Sealy
$93.49 /

+7.75 (+9.04%)

TPX Tempur Sealy
$93.49 /

+7.75 (+9.04%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$93.49 /

+7.75 (+9.04%)

TPX Tempur Sealy
$93.49 /

+7.75 (+9.04%)

Earnings
Tempur Sealy sees Q3 sales up 30% y-o-y, consensus $1.03B » 07:00
09/14/20
09/14
07:00
09/14/20
07:00
TPX

Tempur Sealy

$85.76 /

+0.53 (+0.62%)

The change in expectation…

The change in expectation was primarily driven by improving order trends on U.S. Tempur-Pedic products. Tempur Sealy chairman and CEO Scott Thompson stated, "Over the last five years, we have made tremendous progress in strengthening the foundation of our Company. The strong foundation we have in place with our brands, products, operations and people have positioned us well to capitalize on industry growth for years to come. We continue to see strong growth that is broad-based across geographies and channels. Tempur-Pedic branded products are now growing materially higher than the growth on Sealy products in the U.S. which has raised our profit expectations for the quarter. Free cash flow has also been strong and our confidence in positive industry trends has increased. Accordingly, in September, we are using operating cash flow to repay the $200 million 364-day incremental Term Loan we closed in the second quarter. This repayment will remove certain restrictions on share repurchases and dividends and result in an annual interest saving of approximately $5 million. Additionally, with this improved outlook, we expect to reach the higher end of the payout under our long-term aspirational plan at the end of the third quarter."

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TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

Hot Stocks
Tempur Sealy provides business update » 06:57
09/14/20
09/14
06:57
09/14/20
06:57
TPX

Tempur Sealy

$85.76 /

+0.53 (+0.62%)

Tempur Sealy announced…

Tempur Sealy announced that quarter-to-date order trends have improved from previous expectations and the company now estimates total Q3 net sales to grow more than 30% compared to prior year. The change in expectation was primarily driven by improving order trends on U.S. Tempur-Pedic products. The company continues to experience capacity constraints for U.S. Sealy products, including supply chain limitations outside the Company's control. The company is working closely with suppliers to find solutions for component shortfalls to support the elevated U.S. Sealy demand. The company's board has approved the early termination of its shareholder rights plan to now expire at the close of business on September 14. The limited duration rights plan was adopted on March 27 with a previous expiration date of March 26, 2021. Shareholders are not required to take any action as a result of this expiration. The company also announced Cliff Buster will be promoted to the CEO of Tempur Sealy North America effective January 1, 2021.

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TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

TPX Tempur Sealy
$85.76 /

+0.53 (+0.62%)

Over a month ago
Hot Stocks
Tempur Sealy to open 30th NA manufacturing facility on west coast in 2021 » 06:46
08/20/20
08/20
06:46
08/20/20
06:46
TPX

Tempur Sealy

$86.25 /

-0.56 (-0.65%)

Tempur Sealy announced…

Tempur Sealy announced plans to open its 30th North American, or NA, manufacturing facility. This newest facility is expected to open on the West Coast in Q1 of 2021 and result in three new manufacturing facilities opening within a six-month period. Tempur Sealy chairman and CEO Scott Thompson commented, "The strong demand for bedding, and our products specifically, has continued into the third quarter and we are optimistic about the fundamental trajectory of the business for the foreseeable future. We are facing capacity constraints on U.S. Sealy and Sherwood products that are limiting our ability to meet our customer demand. Sealy is the number one mattress manufacturer in the U.S. based on volume and is experiencing double digit growth, so this opportunity to open a new facility in the western region of the U.S. is well-timed."

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TPX Tempur Sealy
$86.25 /

-0.56 (-0.65%)

TPX Tempur Sealy
$86.25 /

-0.56 (-0.65%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$86.25 /

-0.56 (-0.65%)

TPX Tempur Sealy
$86.25 /

-0.56 (-0.65%)

Conference/Events
Tempur Sealy management to virtually meet with Wedbush » 04:55
08/03/20
08/03
04:55
08/03/20
04:55
TPX

Tempur Sealy

$80.84 /

-0.135 (-0.17%)

Virtual Meeting to be…

Virtual Meeting to be held on August 3 hosted by Wedbush.

ShowHide Related Items >><<
TPX Tempur Sealy
$80.84 /

-0.135 (-0.17%)

TPX Tempur Sealy
$80.84 /

-0.135 (-0.17%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$80.84 /

-0.135 (-0.17%)

TPX Tempur Sealy
$80.84 /

-0.135 (-0.17%)

Conference/Events
Tempur Sealy management to virtually meet with Wedbush » 12:47
07/31/20
07/31
12:47
07/31/20
12:47
TPX

Tempur Sealy

$80.25 /

-0.725 (-0.90%)

Virtual Meeting to be…

Virtual Meeting to be held on August 3 hosted by Wedbush.

ShowHide Related Items >><<
TPX Tempur Sealy
$80.25 /

-0.725 (-0.90%)

TPX Tempur Sealy
$80.25 /

-0.725 (-0.90%)

07/31/20 Wedbush
Tempur Sealy price target raised to $100 from $85 at Wedbush
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
TPX Tempur Sealy
$80.25 /

-0.725 (-0.90%)

TPX Tempur Sealy
$80.25 /

-0.725 (-0.90%)

Recommendations
Tempur Sealy price target raised to $100 from $85 at Wedbush » 08:31
07/31/20
07/31
08:31
07/31/20
08:31
TPX

Tempur Sealy

$80.98 /

+2.81 (+3.59%)

Wedbush analyst Seth…

Wedbush analyst Seth Basham raised the firm's price target on Tempur Sealy to $100 from $85 and keeps an Outperform rating on the shares. Basham says the company's Q2 results underscore the company's industry leadership, compelling products across the price spectrum, strong execution and a shift to spending on the home that should continue.

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TPX Tempur Sealy
$80.98 /

+2.81 (+3.59%)

TPX Tempur Sealy
$80.98 /

+2.81 (+3.59%)

07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/31/20 KeyBanc
Tempur Sealy price target raised to $100 from $90 at KeyBanc
07/31/20 Truist
Tempur Sealy upgraded to Buy from Hold at SunTrust
07/30/20 Piper Sandler
Tempur Sealy price target raised to $125 from $100 at Piper Sandler
TPX Tempur Sealy
$80.98 /

+2.81 (+3.59%)

TPX Tempur Sealy
$80.98 /

+2.81 (+3.59%)

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