Tempur Sealy International (NYSE:TPX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Tempur Sealy International (NYSE:TPX) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research firms have also recently commented on TPX. Wedbush restated an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Truist Financial upped their target price 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. Raymond James cut 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 report on Friday, November 1st. Piper Sandler boosted their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, KeyCorp lifted their price target on shares of Tempur Sealy International from $70.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tempur Sealy International presently has an average rating of “Buy” and a consensus target price of $73.25.

Tempur Sealy International Price Performance

NYSE TPX opened at $66.50 on Wednesday. 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 1 year low of $45.04 and a 1 year high of $68.53. The stock has a market capitalization of $11.55 billion, a P/E ratio of 30.37, a P/E/G ratio of 2.07 and a beta of 1.64. The business’s fifty day moving average is $58.67 and its two-hundred day moving average is $54.26.

Hedge Funds Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Tempur Sealy International in the third quarter worth $27,000. Private Trust Co. NA raised its position in shares of Tempur Sealy International by 49.2% during the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Tempur Sealy International by 92.7% during the 4th quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares during the last quarter. Finally, Versant Capital Management Inc lifted 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 valued at $35,000 after buying an additional 482 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.