Tempur Sealy International (NYSE:TPX) Price Target Raised to $69.00

Tempur Sealy International (NYSE:TPX) had its price target lifted by Truist Financial from $63.00 to $69.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

TPX has been the subject of several other reports. Raymond James dropped their target price on shares of 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. Bank of America raised their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wedbush upped their target price on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $64.00.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $63.22 on Wednesday. The firm 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. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The business’s 50 day simple moving average is $57.16 and its 200-day simple moving average is $53.48. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $64.65.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. Tempur Sealy International’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. As a group, equities analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.82%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP purchased a new position in shares of Tempur Sealy International during the 3rd quarter worth about $73,981,000. Linonia Partnership LP grew its stake in shares of Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after buying an additional 345,745 shares during the period. FMR LLC increased its holdings in shares of Tempur Sealy International by 2.0% during 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 last quarter. Maverick Capital Ltd. raised its position in shares of Tempur Sealy International by 14.2% in the 3rd quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock worth $61,016,000 after buying an additional 138,800 shares during the period. Finally, Tectonic Advisors LLC acquired a new position in Tempur Sealy International in the fourth quarter valued at $5,229,000. Hedge funds and other 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.