5 Stocks Making Headlines Today

1. Tempur Sealy International, Inc. (NYSE:TPX) is down 5.92% as of 12:54 AM ET after the Lexington, Kentucky-based designer, manufacturer, and distributor of bedding products and furniture goods was downgraded from an Overweight to a Neutral rating by Peter Keith at Piper Sandler. The analyst also cut down the price target on Tempur Sealy International, Inc. (NYSE:TPX) from $36 to $28. Keith saw a weak selling period during the Memorial Day long weekend through the retail checks. The revised target price represents a slim upside potential of 6.1% from the previous closing price.

In its Q1 2021 investor letter, Vulcan Value Partners shared its stance on Tempur Sealy International, Inc. (NYSE:TPX). Here’s what it said:

“Tempur Sealy International is the leading designer, manufacturer, and distributor of mattresses globally. The company has recognizable brands across all price points. Approximately 80% of the company’s revenue is derived from its wholesale channel with roughly 5,400 retail partners. The remaining 20% of revenue comes from its retail stores and e-commerce site, Tempur-Pedic.com. Its iconic brand portfolio, world-class manufacturing facilities, and go-to-market omni channel strategy are all competitive advantages. We are pleased to be able to own the company in the portfolio again.”

As of Q1 2022, Tempur Sealy International, Inc. (NYSE:TPX) was held by 31 hedge funds.

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