Tempur Sealy International (NYSE:TPX) Shares Gap Up – Here’s Why

Tempur Sealy International, Inc. (NYSE:TPX) shares gapped up before the market opened on Thursday . The stock had previously closed at $49.87, but opened at $53.44. Tempur Sealy International shares last traded at $55.90, with a volume of 464,855 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TPX. Truist Financial reduced their price target 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. Wedbush cut shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Wednesday, September 4th. Finally, Raymond James cut their price objective on 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. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $60.17.

Tempur Sealy International Price Performance

The stock has a market cap of $9.42 billion, a PE ratio of 26.45, a P/E/G ratio of 2.08 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92. The company’s 50 day moving average is $51.10 and its 200-day moving average is $50.49.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings data 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). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business 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. Tempur Sealy International’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

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

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.