Tempur Sealy International (NYSE:TPX) Reaches New 52-Week High – What’s Next?

Tempur Sealy International, Inc. (NYSE:TPX)’s share price hit a new 52-week high on Friday . The company traded as high as $68.97 and last traded at $68.87, with a volume of 44734 shares trading hands. The stock had previously closed at $68.44.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. 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 report on Friday, February 7th. Wedbush reiterated an “outperform” rating and set a $80.00 price target (up previously from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. UBS Group lifted their price target on shares of Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. StockNews.com raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, February 5th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $73.25.

Tempur Sealy International Trading Up 0.0 %

The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm’s 50-day moving average price is $58.93 and its 200 day moving average price is $54.36. The company has a market capitalization of $11.89 billion, a P/E ratio of 31.23, a P/E/G ratio of 2.07 and a beta of 1.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPX. Vista Investment Partners LLC boosted its holdings in Tempur Sealy International by 1.2% during the third quarter. Vista Investment Partners LLC now owns 64,068 shares of the company’s stock worth $3,498,000 after purchasing an additional 780 shares during the last quarter. Blue Trust Inc. boosted its stake in Tempur Sealy International by 1,004.1% in the third quarter. Blue Trust Inc. now owns 2,429 shares of the company’s stock valued at $133,000 after acquiring an additional 2,209 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Tempur Sealy International by 4,594.4% in the third quarter. International Assets Investment Management LLC now owns 5,023 shares of the company’s stock valued at $274,000 after acquiring an additional 4,916 shares during the last quarter. Argent Capital Management LLC boosted its stake in Tempur Sealy International by 2.6% in the third quarter. Argent Capital Management LLC now owns 67,606 shares of the company’s stock valued at $3,691,000 after acquiring an additional 1,706 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Tempur Sealy International by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 20,054 shares of the company’s stock valued at $1,094,000 after acquiring an additional 1,365 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

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.