Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) PT at $61.50

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have earned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $64.00.

Several analysts have commented on the stock. Raymond James dropped their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush boosted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Truist Financial increased their target price on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday. KeyCorp lifted their price target on Tempur Sealy International from $62.00 to $66.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Bank of America upped their price objective on Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday.

Institutional Trading of Tempur Sealy International

Institutional investors and hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. increased its position in shares of Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after purchasing an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Tempur Sealy International in the third quarter valued at $27,000. Versant Capital Management Inc increased its holdings in Tempur Sealy International by 365.2% during the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after buying an additional 482 shares during the last quarter. Truvestments Capital LLC bought a new stake in Tempur Sealy International during the third quarter worth $48,000. Finally, Farther Finance Advisors LLC lifted its stake in Tempur Sealy International by 38.1% in the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Price Performance

Shares of TPX opened at $64.42 on Tuesday. The stock’s 50-day moving average price is $56.99 and its two-hundred day moving average price is $53.38. Tempur Sealy International has a 1 year low of $45.04 and a 1 year high of $64.65. The stock has a market cap of $11.19 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 1.94 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts predict that Tempur Sealy International will post 2.52 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is 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.