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

Tempur Sealy International (NYSE:TPX) had its price objective hoisted by investment analysts at Piper Sandler from $65.00 to $76.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 17.27% from the company’s previous close.

TPX has been the topic of several other reports. Raymond James decreased their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Truist Financial boosted 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, January 29th. KeyCorp increased their target price on shares of Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Bank of America increased their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Wedbush reissued an “outperform” rating and set a $80.00 target price (up from $67.00) on shares of Tempur Sealy International in a research note on Monday. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $70.75.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $64.81 on Monday. 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 has a 52 week low of $45.04 and a 52 week high of $68.53. The stock has a market cap of $11.25 billion, a PE ratio of 29.59, a PEG ratio of 2.02 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last released its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts anticipate that Tempur Sealy International will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its holdings in shares of Tempur Sealy International by 24.5% during the 2nd quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock valued at $1,134,000 after buying an additional 4,713 shares in the last quarter. Marshall Wace LLP purchased a new position in Tempur Sealy International during the 2nd quarter valued at about $426,000. Northwestern Mutual Wealth Management Co. boosted its stake in Tempur Sealy International by 8.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,552 shares of the company’s stock worth $500,000 after acquiring an additional 821 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Tempur Sealy International by 56.0% during the third quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock valued at $1,148,000 after purchasing an additional 7,547 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Tempur Sealy International by 23.1% during the third quarter. Handelsbanken Fonder AB now owns 47,920 shares of the company’s stock valued at $2,616,000 after purchasing an additional 9,000 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

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.