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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $60.67.

Several research firms have issued reports on TPX. Raymond James lowered their price target on shares of 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. Wedbush boosted their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Institutional Investors Weigh In On Tempur Sealy International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after buying an additional 169,848 shares during the period. Darsana Capital Partners LP grew its position in Tempur Sealy International by 40.0% in the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the period. State Street Corp grew its position in Tempur Sealy International by 0.6% in the 3rd quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after purchasing an additional 28,991 shares during the period. Linonia Partnership LP increased its stake in Tempur Sealy International by 9.2% during the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Tempur Sealy International by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after buying an additional 57,138 shares during the last quarter. 99.86% of the stock is owned by institutional investors.

Tempur Sealy International Price Performance

Shares of NYSE:TPX opened at $55.74 on Friday. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a 52 week low of $45.04 and a 52 week high of $58.44. The firm has a market cap of $9.68 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The firm’s fifty day moving average is $54.54 and its 200-day moving average is $51.96.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business earned $0.77 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio is presently 23.74%.

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.