Tempur Sealy International (NYSE:TPX) Rating Reiterated by Piper Sandler

Tempur Sealy International (NYSE:TPX)‘s stock had its “overweight” rating reaffirmed by stock analysts at Piper Sandler in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $61.00 price target on the stock. Piper Sandler’s price target suggests a potential upside of 26.24% from the company’s previous close.

A number of other equities analysts also recently issued reports on TPX. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price target for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Wedbush restated an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a research report on Thursday, June 20th. Finally, Truist Financial restated a “buy” rating and issued a $65.00 target price on shares of Tempur Sealy International in a research report on Tuesday. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $62.71.

Tempur Sealy International Stock Up 2.4 %

Tempur Sealy International stock opened at $48.32 on Wednesday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. The business’s 50-day moving average price is $50.10 and its 200 day moving average price is $51.23. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. Tempur Sealy International’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Tempur Sealy International will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System increased its stake in Tempur Sealy International by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after acquiring an additional 200 shares during the last quarter. Toronto Dominion Bank increased its stake in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after acquiring an additional 210 shares during the last quarter. Natixis Advisors L.P. increased its stake in Tempur Sealy International by 0.8% during the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after acquiring an additional 256 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in Tempur Sealy International by 2.4% during the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock worth $665,000 after acquiring an additional 306 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Tempur Sealy International by 13.9% during the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock worth $150,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.