Updates on Home Furnishings & Fixtures Industry Stocks -- Fortune Brands Home & Security, Tempur Sealy Intl., Leggett & Platt, and Select Comfort

NEW YORK, July 28, 2016 /PRNewswire/ --

Stock-Callers.com attention today is directed to the Home Furnishings and Fixtures industry, which after a weak start to the year is once again gaining momentum due to improved consumer confidence, increased home remodeling activities, and lower unemployment rates. Stocks under assessment are Fortune Brands Home & Security Inc. (NYSE: FBHS), Tempur Sealy International Inc. (NYSE: TPX), Leggett & Platt Inc. (NYSE: LEG), and Select Comfort Corp. (NASDAQ: SCSS). Learn more about these stocks by accessing their freenotes at:

http://stock-callers.com/registration

Fortune Brands Home & Security 

Deerfield, Illinois headquartered Fortune Brands Home & Security Inc.'s shares rose 0.23% and finished Wednesday's trading session at $61.76. A total volume of 1.54 million shares was traded. In the last month and the previous three months, the stock has advanced 12.07% and 8.78%, respectively. Additionally, the Company's shares have gained 11.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.83% and 14.33%, respectively. Moreover, shares of Fortune Brands Home & Security, which provides home and security products for use in residential home repair, remodeling, new construction, and security applications, have a Relative Strength Index (RSI) of 64.22.

On July 06th, 2016, research firm Jefferies initiated a 'Buy' rating, issuing a target price of $67 on the Company's stock.

On July 27th, 2016, Fortune Brands Home & Security announced its Q2 2016 results and increased its 2016 annual outlook for earnings per share. For Q2 2016, the company reported that sales were $1.3 billion, an increase of 11% over Q2 2015. EPS was $0.80 compared to $0.48 in the prior-year quarter. Operating income was $187.7 million compared to $128.2 million in the prior-year quarter. Free notes on FBHS are available at:

http://stock-callers.com/registration/?symbol=FBHS


Tempur Sealy Intl. 

On Wednesday, shares in Lexington, Kentucky headquartered Tempur Sealy International Inc. recorded a trading volume of 2.50 million shares, which was above their three months average volume of 1.55 million shares. The stock ended the session 0.59% higher at $63.39. The Company's shares have gained 17.50% in the last one month and 7.95% in the previous three months. The stock is trading 8.30% above its 50-day moving average. Furthermore, shares of Tempur Sealy International, which together with its subsidiaries, develops, manufactures, markets, and distributes bedding products worldwide, have an RSI of 67.92.

On July 18th, 2016, Tempur Sealy announced the conversion or repayment of all remaining 8% Senior Secured Third Lien Convertible Notes Due 2016 issued by Sealy Corporation and Sealy Mattress Company, which matured on July 15th, 2016. The Company paid a total of approximately $115 million in cash to holders of the Sealy Notes. Separately, the Company repaid in cash on the maturity date the aggregate outstanding accreted principal amount of the Sealy Notes of less than $100,000. The complimentary notes on TPX can be accessed at:


http://stock-callers.com/registration/?symbol=TPX


Leggett & Platt 

Shares in Carthage, Missouri-based Leggett & Platt Inc. closed the day at $53.54, slightly down 0.43%. The stock recorded a trading volume of 635,458 shares. The Company's shares have advanced 11.80% in the last one month, 10.94% in the previous three months, and 29.18% on an YTD basis. The stock is trading 5.80% above its 50-day moving average and 16.74% above its 200-day moving average. Additionally, shares of Leggett & Platt, which designs and produces various engineered components and products worldwide, have an RSI of 65.37.

On July 15th, 2016, Leggett & Platt announced that it will hold its quarterly conference call to discuss Q2 results on July 29th, 2016, at 8:30 a.m. Eastern Time. Visit us today and access our complete notes on LEG at:

http://stock-callers.com/registration/?symbol=LEG


Select Comfort 

At the closing bell yesterday, shares in Minneapolis, Minnesota headquartered Select Comfort Corp. ended 0.60% lower at $23.04 and with a total volume of 383,772 shares traded. The stock has advanced 13.05% in the last one month, 10.56% over the previous three months, and 7.61% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 3.58% and 7.96%, respectively. Furthermore, shares of Select Comfort, which together with its subsidiaries, provide sleep solutions and services in the U.S., have an RSI of 54.52.

On July 15th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock ratings from 'Underperform' to 'Neutral'.

On July 21st, 2016, Select Comfort reported Q2 2016 results for the period ended July 2nd, 2016. The company reported that gross profit came in at $171 million and gross margin of 61.9%, consistent with the prior year. Earnings per diluted share of $0.03 compared to $0.21 in the prior year's quarter. The Company also announced an increase in the outstanding share repurchase authorization to $300 million. Get free access to your notes on SCSS at:

http://stock-callers.com/registration/?symbol=SCSS

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. RohitTuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


SOURCE Chelmsford Park SA

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.