Tempur Sealy International, Inc. (NYSE:TPX) Receives $59.71 Consensus Target Price from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $59.71.

TPX has been the topic of several research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Wedbush downgraded Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a report on Wednesday, September 4th. Finally, Truist Financial reduced their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th.

Tempur Sealy International Stock Performance

Shares of TPX opened at $54.78 on Wednesday. The company has a market capitalization of $9.51 billion, a PE ratio of 27.12, a PEG ratio of 2.30 and a beta of 1.59. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The company’s 50 day moving average price is $51.27 and its 200 day moving average price is $51.01. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13.

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

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of large investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank increased its stake in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock valued at $1,865,000 after acquiring an additional 210 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Tempur Sealy International by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after purchasing an additional 220 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares in the last quarter. Signaturefd LLC increased its position in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares during the period. Finally, Hanlon Investment Management Inc. raised its stake in shares of Tempur Sealy International by 1.9% in the second quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock valued at $665,000 after purchasing an additional 261 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Company Profile

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.