Tempur Sealy International (NYSE:TPX) Stock Price Expected to Rise, KeyCorp Analyst Says

Tempur Sealy International (NYSE:TPX) had its price objective hoisted by stock analysts at KeyCorp from $62.00 to $66.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective points to a potential upside of 2.45% from the stock’s current price.

TPX has been the topic of several other reports. Truist Financial lifted their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James cut their price objective on shares of 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. Wedbush lifted 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. Finally, Bank of America lifted their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Trading Up 3.9 %

Tempur Sealy International stock opened at $64.42 on Wednesday. The firm’s 50-day moving average is $56.99 and its 200-day moving average is $53.38. 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 has a 1 year low of $45.04 and a 1 year high of $64.65. The company has a market cap of $11.19 billion, a P/E ratio of 29.42, a PEG ratio of 1.94 and a beta of 1.63.

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

Institutional Trading of Tempur Sealy International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Tempur Sealy International by 1.0% during the 4th quarter. Rhumbline Advisers now owns 499,133 shares of the company’s stock worth $28,296,000 after buying an additional 5,018 shares in the last quarter. Summit Trail Advisors LLC acquired a new position in shares of Tempur Sealy International in the 4th quarter worth approximately $269,000. Entropy Technologies LP acquired a new position in shares of Tempur Sealy International in the 4th quarter worth approximately $1,057,000. Empowered Funds LLC grew its stake in shares of Tempur Sealy International by 36.5% in the 4th quarter. Empowered Funds LLC now owns 54,835 shares of the company’s stock worth $3,109,000 after purchasing an additional 14,677 shares during the last quarter. Finally, Choreo LLC grew its stake in shares of Tempur Sealy International by 9.8% in the 4th quarter. Choreo LLC now owns 4,991 shares of the company’s stock worth $284,000 after purchasing an additional 444 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.