Tempur Sealy International (NYSE:TPX) Earns “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Tempur Sealy International (NYSE:TPX) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $66.00 target price on the stock.

Several other equities research analysts also recently commented on the stock. Raymond James upped their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the company a strong-buy rating in a report on Friday, January 19th. Piper Sandler raised shares of Tempur Sealy International from a neutral rating to an overweight rating and upped their price objective for the company from $41.00 to $61.00 in a report on Thursday, January 18th. KeyCorp upped their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an overweight rating in a report on Friday, February 9th. Loop Capital raised shares of Tempur Sealy International from a hold rating to a buy rating and increased their price target for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Truist Financial increased their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a buy rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tempur Sealy International presently has an average rating of Buy and an average target price of $62.71.

Tempur Sealy International Stock Up 3.7 %

Shares of NYSE TPX traded up $1.91 during trading on Wednesday, hitting $53.99. The stock had a trading volume of 1,599,515 shares, compared to its average volume of 1,678,526. The firm has a fifty day moving average of $52.81 and a two-hundred day moving average of $48.74. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68. The company has a market capitalization of $9.37 billion, a PE ratio of 25.18, a PEG ratio of 1.17 and a beta of 1.58. Tempur Sealy International has a 12 month low of $34.98 and a 12 month high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities research analysts forecast that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, May 15th. Tempur Sealy International’s dividend payout ratio (DPR) is 25.12%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its position in shares of Tempur Sealy International by 5.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 213,384 shares of the company’s stock worth $12,124,000 after purchasing an additional 10,855 shares during the last quarter. Entropy Technologies LP increased its position in shares of Tempur Sealy International by 11.5% in the first quarter. Entropy Technologies LP now owns 19,402 shares of the company’s stock worth $1,102,000 after purchasing an additional 2,007 shares during the last quarter. Qsemble Capital Management LP increased its position in shares of Tempur Sealy International by 103.2% in the first quarter. Qsemble Capital Management LP now owns 25,711 shares of the company’s stock worth $1,461,000 after purchasing an additional 13,059 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Tempur Sealy International in the first quarter worth approximately $177,000. Finally, Inspire Investing LLC increased its position in shares of Tempur Sealy International by 73.5% in the first quarter. Inspire Investing LLC now owns 13,048 shares of the company’s stock worth $741,000 after purchasing an additional 5,526 shares during the last quarter. 99.86% of the stock is currently owned by 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.