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Bull of the Day: Tempur Sealy International, Inc. (TPX)

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Home prices have started to cool down a bit, but the housing market remains strong as people continue to relocate and reevaluate where and how they live. The pandemic spurred millions to crave more space and update their homes and apartments, which boosted furniture sellers and other home-focused retailers.

Mattress maker Tempur Sealy International, Inc. TPX benefited from these trends. More importantly, the firm’s sales surged before the current housing boom and sleep is never going out of style.

Stable Business

Tempur Sealy is one of the largest mattress and bedding companies in the world, operating under Tempur-Pedic, Sealy, and Stearns & Foster brands. TPX also offers value-focused private label and OEM products. The Lexington, Kentucky-based company sells mattresses, pillows, and more, and many of its offerings are what many consumers would consider high-end—outside of the super luxury side.

TPX ranked No. 1 in JD Power’s U.S. Mattress Satisfaction Report for the second year in a row in 2020. The firm’s various brands, models, and sizes range in price and much more. The company sells adjustable beds and mattresses that provide cooling and other high-tech capabilities to help provide better sleep. Some of its new offerings even aim to reduce snoring, which can be detrimental to sleep patterns.

TPX, like all retailers, has invested in its digital and direct-to-consumer business in the Amazon AMZN age to help fight back against any encroachment from digital-focused newcomers and bed-in-a-box firms like Casper CSPR. Of course, Tempur Sealy also owns its........

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