Tempur Sealy International (NYSE:TPX) Stock Rating Upgraded by William Blair

Tempur Sealy International (NYSE:TPX) was upgraded by investment analysts at William Blair from a “market perform” rating to an “outperform” rating in a report released on Wednesday, MarketBeat reports.

Other research analysts also recently issued research reports about the stock. Wedbush reiterated an “outperform” rating and issued a $80.00 target price (up previously from $67.00) on shares of Tempur Sealy International in a report on Monday. Truist Financial raised their price target on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America boosted their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. UBS Group lifted their price target on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Sandler increased their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.75.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $64.81 on Wednesday. The stock has a market capitalization of $11.25 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.02 and a beta of 1.64. The business has a 50-day moving average of $57.51 and a two-hundred day moving average of $53.67. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $68.53. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65.

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

Institutional Trading of Tempur Sealy International

Several institutional investors have recently made changes to their positions in TPX. UMB Bank n.a. raised its position in Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in shares of Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after buying an additional 482 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Tempur Sealy International by 22.7% during the 4th quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after buying an additional 153 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in Tempur Sealy International in the 3rd quarter valued at $48,000. 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.