Tempur Sealy International (NYSE:TPX) Price Target Raised to $76.00

Tempur Sealy International (NYSE:TPX) had its price target hoisted by Piper Sandler from $65.00 to $76.00 in a research report report published on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Bank of America lifted their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Truist Financial lifted their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wedbush reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a research report on Monday. Finally, KeyCorp boosted their target price on shares of Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Tempur Sealy International currently has a consensus rating of “Buy” and a consensus target price of $70.75.

Tempur Sealy International Price Performance

NYSE TPX opened at $66.50 on Monday. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $68.53. The stock’s 50-day moving average is $57.72 and its two-hundred day moving average is $53.76. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The firm has a market cap of $11.55 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64.

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

Institutional Trading of Tempur Sealy International

A number of institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of Tempur Sealy International by 2.0% during the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after purchasing an additional 169,848 shares during the period. State Street Corp increased its position in shares of Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the period. Linonia Partnership LP increased its position in shares of Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares during the period. Geode Capital Management LLC increased its position in shares of Tempur Sealy International by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock valued at $161,634,000 after purchasing an additional 57,138 shares during the period. Finally, Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International during the third quarter valued at approximately $73,981,000. 99.86% of the stock is currently owned by institutional investors.

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.