NEW YORK ( TheStreet) -- Tempur-Pedic International (NYSE: TPX) hit a new 52-week high Wednesday as it is currently trading at $69.82, above its previous 52-week high of $69.73 with 288,291 shares traded as of 11:37 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Tempur-Pedic International has a market cap of $4.7 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 72.1% year to date as of the close of trading on Tuesday.

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 28.3, above the average consumer durables industry P/E ratio of 28.2 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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