Tempur Sealy International, Inc. (NYSE:TPX) Receives $61.50 Consensus Target Price from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $70.75.

TPX has been the subject of a number of recent analyst reports. UBS Group increased their price target on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Monday. Wedbush reiterated an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday. Bank of America raised their target price on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Piper Sandler raised their target price on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday. Finally, KeyCorp raised their target price on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th.

Hedge Funds Weigh In On Tempur Sealy International

Large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc lifted its position in shares of Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after buying an additional 482 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Tempur Sealy International during the 3rd quarter worth approximately $48,000. Finally, Global Retirement Partners LLC lifted its position in shares of Tempur Sealy International by 123.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,056 shares of the company’s stock worth $60,000 after buying an additional 584 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

NYSE TPX opened at $66.73 on Tuesday. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.02 and a beta of 1.64. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $68.53. The stock has a fifty day simple moving average of $57.34 and a 200 day simple moving average of $53.58. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.77 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Tempur Sealy International will post 2.52 EPS for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.78%. Tempur Sealy International’s payout ratio is 23.74%.

About Tempur Sealy International

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names.