Analysts Set Tempur Sealy International, Inc. (NYSE:TPX) Target Price at $59.71

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $59.71.

Several brokerages have recently commented on TPX. Truist Financial lowered their price objective on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Piper Sandler reiterated 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 downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Wednesday, September 4th.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors have recently modified their holdings of the business. Zeno Equity Partners LLP bought a new position in shares of Tempur Sealy International in the fourth quarter valued at approximately $12,198,000. BNP Paribas Financial Markets grew its holdings in Tempur Sealy International by 431.5% during the first quarter. BNP Paribas Financial Markets now owns 94,925 shares of the company’s stock valued at $5,394,000 after purchasing an additional 77,064 shares during the period. Ratan Capital Management LP bought a new position in Tempur Sealy International during the fourth quarter valued at $2,039,000. Janney Montgomery Scott LLC bought a new position in Tempur Sealy International during the first quarter valued at $1,435,000. Finally, Van ECK Associates Corp grew its holdings in Tempur Sealy International by 36.5% during the first quarter. Van ECK Associates Corp now owns 87,669 shares of the company’s stock valued at $4,981,000 after purchasing an additional 23,448 shares during the period. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Stock Up 1.4 %

TPX stock opened at $54.78 on Wednesday. The stock’s 50 day simple moving average is $51.27 and its 200 day simple moving average is $51.07. Tempur Sealy International has a fifty-two week low of $36.12 and a fifty-two week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The company has a market cap of $9.51 billion, a P/E ratio of 27.12, a price-to-earnings-growth ratio of 2.30 and a beta of 1.59.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company posted $0.58 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is presently 25.74%.

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.