Tempur Sealy International (NYSE:TPX) Stock Rating Lowered by Wedbush

Wedbush lowered shares of Tempur Sealy International (NYSE:TPX) from an outperform rating to a neutral rating in a research note released on Wednesday, MarketBeat reports. The brokerage currently has $52.00 target price on the stock.

Several other research analysts have also weighed in on the stock. Truist Financial lowered their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Piper Sandler restated an overweight rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $59.71.

Tempur Sealy International Trading Down 1.2 %

NYSE TPX opened at $49.52 on Wednesday. The stock has a market capitalization of $8.60 billion, a P/E ratio of 24.51, a P/E/G ratio of 2.16 and a beta of 1.59. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13. The firm has a 50-day moving average price of $50.28 and a 200 day moving average price of $51.18. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Equities research analysts expect that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.05%. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Tempur Sealy International during the fourth quarter valued at $121,329,000. Darsana Capital Partners LP increased its position in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Eminence Capital LP increased its position in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after purchasing an additional 857,478 shares in the last quarter. Browning West LP increased its position in Tempur Sealy International by 7.0% during the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after purchasing an additional 820,200 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Tempur Sealy International during the 2nd quarter worth about $37,278,000. 99.86% of the stock is currently owned by institutional investors and hedge funds.

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.