UBS Group Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its target price hoisted by investment analysts at UBS Group from $67.00 to $78.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 20.35% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Truist Financial increased their price target on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. KeyCorp increased their target price on shares of Tempur Sealy International from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Piper Sandler boosted their price target on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a report on Monday. Bank of America increased their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Wedbush reissued an “outperform” rating and issued a $80.00 price objective (up previously from $67.00) on shares of Tempur Sealy International in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Tempur Sealy International has a consensus rating of “Buy” and a consensus price target of $70.75.

Tempur Sealy International Trading Down 3.2 %

Shares of TPX opened at $64.81 on Monday. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 29.59, a PEG ratio of 2.02 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $68.53. The company has a 50-day moving average of $57.51 and a 200 day moving average of $53.67.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results 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 firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. On average, research analysts expect that Tempur Sealy International will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Tempur Sealy International by 750.9% in 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 in the last quarter. Brooklyn Investment Group purchased a new stake in Tempur Sealy International in the third quarter valued at about $27,000. Versant Capital Management Inc boosted its holdings in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after acquiring an additional 482 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Tempur Sealy International by 22.7% during the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after acquiring an additional 153 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Tempur Sealy International during the third quarter valued at about $48,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Company Profile

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.