Tempur Sealy International (NYSE:TPX) Price Target Raised to $55.00

Tempur Sealy International (NYSE:TPX) had its price objective increased by Wedbush from $49.00 to $55.00 in a research note published on Friday morning,Benzinga reports. Wedbush currently has a neutral rating on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $2.48 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.88 EPS.

Separately, Raymond James decreased their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Tempur Sealy International has an average rating of “Buy” and an average price target of $60.67.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $55.87 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.68 and a debt-to-equity ratio of 3.95. The stock’s fifty day simple moving average is $51.25 and its two-hundred day simple moving average is $50.59. Tempur Sealy International has a 1-year low of $36.98 and a 1-year high of $57.13. The stock has a market cap of $9.70 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.77 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, analysts forecast that Tempur Sealy International will post 2.51 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

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