Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Price Target at $60.67

Tempur Sealy International, Inc. (NYSE:TPX) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $60.67.

Several equities research analysts have weighed in on TPX shares. Truist Financial lowered their target price on shares of 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 reissued an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, July 3rd. Finally, Wedbush lowered Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Wednesday, September 4th.

Tempur Sealy International Price Performance

Shares of TPX stock opened at $48.89 on Friday. The company has a market capitalization of $8.49 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.16 and a beta of 1.59. The company’s 50-day simple moving average is $51.74 and its two-hundred day simple moving average is $50.69. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13. The company has a debt-to-equity ratio of 5.92, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. As a group, equities analysts anticipate that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were paid a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.06%. Tempur Sealy International’s payout ratio is 24.76%.

Institutional Trading of Tempur Sealy International

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Tempur Sealy International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after acquiring an additional 143,719 shares during the period. Darsana Capital Partners LP grew its stake in Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Linonia Partnership LP grew its stake in Tempur Sealy International by 17.1% during the 2nd quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock valued at $177,498,000 after acquiring an additional 548,004 shares in the last quarter. Eminence Capital LP raised its holdings in Tempur Sealy International by 61.6% in the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after acquiring an additional 857,478 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Tempur Sealy International by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,082,140 shares of the company’s stock worth $98,559,000 after purchasing an additional 224,955 shares in 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.