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:
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:
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:
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:
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:
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SOURCE Chelmsford Park SA