Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Price Target at $62.71

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have earned an average rating of “Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $62.71.

A number of research firms have recently commented on TPX. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $75.00 in a research report on Monday, March 25th. KeyCorp lifted their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Wedbush restated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a research report on Tuesday, April 30th. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $41.00 to $61.00 in a research report on Thursday, January 18th. Finally, Truist Financial upped their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 5th.

Institutional Trading of Tempur Sealy International

A number of hedge funds have recently added to or reduced their stakes in the business. Linonia Partnership LP bought a new stake in shares of Tempur Sealy International in the 4th quarter valued at about $121,445,000. London Co. of Virginia raised its stake in Tempur Sealy International by 1.4% in the third quarter. London Co. of Virginia now owns 1,129,161 shares of the company’s stock worth $48,938,000 after buying an additional 16,087 shares in the last quarter. Donaldson Capital Management LLC purchased a new stake in Tempur Sealy International during the fourth quarter worth $1,477,000. Barclays PLC boosted its position in Tempur Sealy International by 78.5% during the 3rd quarter. Barclays PLC now owns 954,306 shares of the company’s stock valued at $41,359,000 after acquiring an additional 419,638 shares in the last quarter. Finally, Repertoire Partners LP bought a new stake in Tempur Sealy International during the 3rd quarter valued at $2,167,000. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Stock Down 0.1 %

Shares of TPX stock opened at $50.38 on Friday. The company’s fifty day simple moving average is $52.91 and its two-hundred day simple moving average is $48.46. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $57.13. The stock has a market cap of $8.75 billion, a P/E ratio of 24.34, a PEG ratio of 1.17 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Tempur Sealy International’s quarterly revenue was down 1.4% on a year-over-year basis. Analysts predict that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 1.03%. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio (DPR) is currently 25.12%.

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.