Tempur Sealy International (NYSE:TPX) Sets New 12-Month High on Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX) shares reached a new 52-week high on Wednesday after KeyCorp raised their price target on the stock from $62.00 to $66.00. KeyCorp currently has an overweight rating on the stock. Tempur Sealy International traded as high as $61.89 and last traded at $61.26, with a volume of 137512 shares traded. The stock had previously closed at $60.62.

A number of other equities analysts have also issued reports on the stock. Bank of America boosted their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday. Truist Financial boosted their price target on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James decreased their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Finally, Wedbush increased their target price on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Tempur Sealy International presently has a consensus rating of “Buy” and an average price target of $64.00.

Hedge Funds Weigh In On Tempur Sealy International

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its position in shares of Tempur Sealy International by 1.0% in the 4th quarter. Rhumbline Advisers now owns 499,133 shares of the company’s stock valued at $28,296,000 after acquiring an additional 5,018 shares during the period. Summit Trail Advisors LLC bought a new stake in shares of Tempur Sealy International in the fourth quarter worth $269,000. Entropy Technologies LP bought a new position in shares of Tempur Sealy International in the 4th quarter valued at about $1,057,000. Empowered Funds LLC raised its holdings in Tempur Sealy International by 36.5% during the fourth quarter. Empowered Funds LLC now owns 54,835 shares of the company’s stock worth $3,109,000 after acquiring an additional 14,677 shares in the last quarter. Finally, Choreo LLC boosted its holdings in shares of Tempur Sealy International by 9.8% in the 4th quarter. Choreo LLC now owns 4,991 shares of the company’s stock valued at $284,000 after buying an additional 444 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

Tempur Sealy International Trading Up 3.9 %

The business’s 50-day moving average price is $56.99 and its 200 day moving average price is $53.38. The company has a market cap of $11.19 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.94 and a beta of 1.63. 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 (NYSE:TPX) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.77 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. As a group, analysts expect that Tempur Sealy International, Inc. will post 2.52 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.81%. Tempur Sealy International’s 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.