Tempur Sealy International (NYSE:TPX) PT Lowered to $58.00

Tempur Sealy International (NYSE:TPX) had its target price lowered by equities research analysts at Truist Financial from $65.00 to $58.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 18.76% from the company’s current price.

A number of other brokerages also recently weighed in on TPX. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $66.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. One 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 company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $61.71.

Tempur Sealy International Trading Up 4.6 %

Shares of TPX stock opened at $48.84 on Wednesday. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13. The company has a market capitalization of $8.48 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.50 and a beta of 1.60. The firm has a 50-day moving average price of $49.61 and a 200 day moving average price of $51.05. 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 (NYSE:TPX) last announced its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. Research analysts forecast that Tempur Sealy International will post 2.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International during the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in Tempur Sealy International during the first quarter valued at approximately $27,000. Principal Securities Inc. acquired a new position in Tempur Sealy International during the fourth quarter valued at approximately $40,000. J.Safra Asset Management Corp grew its holdings in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock valued at $58,000 after purchasing an additional 457 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Tempur Sealy International by 4,996.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after purchasing an additional 1,349 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.