NEW YORK ( TheStreet) -- Tempur-Pedic International (NYSE: TPX) hit a new 52-week high Tuesday as it is currently trading at $67.23, above its previous 52-week high of $66.84 with 135,639 shares traded as of 9:49 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Tempur-Pedic International has a market cap of $4.5 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 64.1% year to date as of the close of trading on Monday.

Tempur-Pedic International Inc. manufactures, markets, and distributes bedding products in North America and internationally. Its products include pillows, mattresses, and adjustable beds, as well as various cushions and other comfort products. The company has a P/E ratio of 27.2, above the average consumer durables industry P/E ratio of 27.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tempur-Pedic International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Tempur-Pedic International Ratings Report.

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