Tempur Sealy International (NYSE:TPX) Price Target Raised to $74.00

Tempur Sealy International (NYSE:TPX) had its target price lifted by KeyCorp from $70.00 to $74.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently weighed in on TPX. William Blair upgraded shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler upped their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group lifted their target price on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Truist Financial boosted their price target on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Raymond James lowered their price objective on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $71.75.

Tempur Sealy International Trading Down 1.3 %

Shares of TPX opened at $64.44 on Friday. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $68.53. The stock’s 50-day moving average is $58.08 and its two-hundred day moving average is $53.98. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The stock has a market cap of $11.19 billion, a PE ratio of 29.43, a P/E/G ratio of 2.07 and a beta of 1.64.

Tempur Sealy International (NYSE:TPX) last released its quarterly 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 analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.77 EPS. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Tempur Sealy International

Several hedge funds and other institutional investors have recently bought and sold shares of TPX. UMB Bank n.a. grew 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 acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the third quarter worth $27,000. Private Trust Co. NA boosted its holdings in Tempur Sealy International by 49.2% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after purchasing an additional 182 shares during the period. Jones Financial Companies Lllp increased its stake in Tempur Sealy International by 92.7% during the fourth quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock valued at $34,000 after purchasing an additional 292 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of 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 purchasing an additional 482 shares during the period. 99.86% of the stock is owned by 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.