Tempur Sealy International (NYSE:TPX) Price Target Raised to $66.00 at KeyCorp

Tempur Sealy International (NYSE:TPX) had its price objective increased by KeyCorp from $62.00 to $66.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also issued reports on TPX. Bank of America boosted their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James cut their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. Truist Financial lifted their price target on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $63.22 on Wednesday. The company’s 50-day moving average is $57.16 and its 200 day moving average is $53.48. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 1.98 and a beta of 1.63. Tempur Sealy International has a one year low of $45.04 and a one year high of $64.65. 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 announced its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. Sell-side analysts expect that Tempur Sealy International will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Large investors have recently modified their holdings of the business. Wellington Management Group LLP bought a new position in Tempur Sealy International in the third quarter worth about $73,981,000. Linonia Partnership LP increased its holdings in shares of Tempur Sealy International by 9.2% in 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. FMR LLC increased its holdings in Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after buying an additional 169,848 shares during the period. Maverick Capital Ltd. raised its holdings in shares of Tempur Sealy International by 14.2% during the third quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock worth $61,016,000 after purchasing an additional 138,800 shares during the last quarter. Finally, Tectonic Advisors LLC acquired a new stake in Tempur Sealy International during the fourth quarter worth about $5,229,000. 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.