KeyCorp Issues Positive Forecast for Tempur Sealy International (NYSE:TPX) Stock Price

Tempur Sealy International (NYSE:TPX) had its price objective raised by equities researchers at KeyCorp from $70.00 to $74.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s target price points to a potential upside of 14.13% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Piper Sandler raised 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. 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. Wedbush reissued an “outperform” rating and set a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a research note on Monday. William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a report on Wednesday. Finally, UBS Group upped their price objective on Tempur Sealy International from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $71.75.

Tempur Sealy International Price Performance

Tempur Sealy International stock traded down $0.42 during midday trading on Friday, hitting $64.84. The company’s stock had a trading volume of 429,835 shares, compared to its average volume of 2,187,495. The stock’s 50-day moving average price is $57.91 and its 200-day moving average price is $53.84. The company has a market capitalization of $11.26 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 2.02 and a beta of 1.64. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $68.53.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The business had revenue of $1.30 billion during 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%. Tempur Sealy International’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. Analysts anticipate that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in Tempur Sealy International in the 2nd quarter valued at about $426,000. SG Americas Securities LLC increased its holdings in shares of Tempur Sealy International by 56.0% in the 3rd quarter. SG Americas Securities LLC now owns 21,024 shares of the company’s stock worth $1,148,000 after buying an additional 7,547 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Tempur Sealy International by 19.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,340 shares of the company’s stock worth $182,000 after purchasing an additional 541 shares in the last quarter. UMB Bank n.a. raised its position in 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 during the period. Finally, CHICAGO TRUST Co NA purchased a new position in shares of Tempur Sealy International in the third quarter valued at about $208,000. Institutional investors own 99.86% of the company’s stock.

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.