Tempur Sealy International (NYSE:TPX) Shares Gap Up After Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPX) gapped up before the market opened on Monday after UBS Group raised their price target on the stock from $67.00 to $78.00. The stock had previously closed at $63.14, but opened at $65.63. UBS Group currently has a buy rating on the stock. Tempur Sealy International shares last traded at $66.07, with a volume of 2,205,919 shares.

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

Institutional Trading of Tempur Sealy International

Large investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Tempur Sealy International by 2.0% in the 3rd 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 last quarter. State Street Corp lifted its stake in Tempur Sealy International by 0.6% in the 3rd 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 last quarter. Linonia Partnership LP lifted its stake in Tempur Sealy International by 9.2% in the 3rd 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 last quarter. Geode Capital Management LLC lifted its stake in Tempur Sealy International by 2.0% in the 3rd 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 last quarter. Finally, Wellington Management Group LLP bought a new position in Tempur Sealy International in the 3rd quarter valued at approximately $73,981,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Performance

The company’s 50 day moving average is $57.16 and its 200 day moving average is $53.48. The firm has a market cap of $11.71 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during 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 company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, equities analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is presently 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.