Tempur Sealy International (NYSE:TPX) Reaches New 52-Week High After Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPX) hit a new 52-week high during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $67.00 to $78.00. UBS Group currently has a buy rating on the stock. Tempur Sealy International traded as high as $68.53 and last traded at $66.73, with a volume of 8483001 shares changing hands. The stock had previously closed at $63.14.

Several other equities analysts have also weighed in on the company. KeyCorp increased their target price on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Wedbush reiterated an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a research report on Monday. Raymond James decreased their price objective 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 increased their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Truist Financial boosted their price target on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and an average target price of $70.75.

Institutional Trading of Tempur Sealy International

A number of institutional investors have recently modified their holdings of TPX. IFP Advisors Inc grew its holdings in shares of Tempur Sealy International by 22.7% during the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after buying an additional 153 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Tempur Sealy International by 3.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after acquiring an additional 194 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Tempur Sealy International by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 5,226 shares of the company’s stock worth $296,000 after acquiring an additional 262 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Tempur Sealy International by 72.0% in the fourth quarter. UMB Bank n.a. now owns 805 shares of the company’s stock valued at $46,000 after purchasing an additional 337 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Tempur Sealy International by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,055 shares of the company’s stock worth $276,000 after purchasing an additional 345 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.02 and a beta of 1.64. The company’s fifty day moving average is $57.51 and its 200 day moving average is $53.67. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95.

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

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

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.