Mattress maker Tempur Sealy posted one of the most dramatic rebounds from the coronavirus market crash. Its stock shot up 500% from a 5.50 low in mid-March to a 33.18 close Monday. Reflecting that growth, Tempur Sealy International‘s (TPX) IBD SmartSelect Composite Rating on Monday climbed to a near-best 96, up from 94 the prior trading session.
The revised score means Tempur Sealy stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Tempur Sealy Profit Growth Outpaces Market
In addition to a rising Composite Rating, Lexington, Ky.-based Tempur Sealy has an 89 EPS Rating. The 89 EPS Rating, on a 1-99 scale with 99 tops, means its recent quarterly and longer-term annual earnings growth is outpacing 89% of all stocks.
In Q4, earnings for the maker of temperature-sensitive mattresses, pillows and accessories surged 97% to 67 cents per share, down a bit from its 124% pop the prior quarter, but still strong. Revenue grew 21% to $1.06 billion.
Tempur Sealy holds the No. 1 rank among its peers in the Household-Office Furniture industry group. Bassett Furniture Industries (BSET) and Natuzzi Spa (NTZ) are also among the group’s highest-rated stocks.
Tempur Sealy’s Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the past 13 weeks.
After its steep run, Tempur Sealy is extended beyond a proper buy zone after clearing the 24.21 entry in a flat base. See if it creates a new buying opportunity like a three-weeks-tight pattern or a rebound off its 50-day or 10-week line.
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