Tempur Sealy International, Inc. (NYSE:TPX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX – Get Rating) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $35.50.

TPX has been the topic of a number of recent research reports. Loop Capital cut their price target on shares of Tempur Sealy International from $35.00 to $28.00 in a report on Tuesday, April 12th. StockNews.com assumed coverage on shares of Tempur Sealy International in a research note on Thursday, March 31st. They set a “hold” rating for the company. Piper Sandler downgraded shares of Tempur Sealy International from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $36.00 to $28.00 in a research note on Wednesday, June 1st. TheStreet downgraded shares of Tempur Sealy International from a “b” rating to a “c+” rating in a research note on Thursday, April 28th. Finally, Wedbush decreased their price target on shares of Tempur Sealy International from $55.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, February 23rd.

NYSE TPX opened at $21.57 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.58 and a debt-to-equity ratio of 7.97. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.55 and a beta of 1.72. The firm’s 50 day simple moving average is $25.65 and its 200 day simple moving average is $33.75. Tempur Sealy International has a 1 year low of $20.03 and a 1 year high of $50.51.

Tempur Sealy International (NYSE:TPX – Get Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Tempur Sealy International had a net margin of 12.19% and a return on equity of 272.95%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.64 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis. On average, equities research analysts forecast that Tempur Sealy International will post 3.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Wednesday, May 11th. Tempur Sealy International’s dividend payout ratio (DPR) is currently 12.78%.

Several hedge funds and other institutional investors have recently bought and sold shares of TPX. Hanseatic Management Services Inc. purchased a new stake in shares of Tempur Sealy International in the 4th quarter valued at $27,000. Sageworth Trust Co of South Dakota purchased a new stake in Tempur Sealy International during the 4th quarter valued at $36,000. Fieldpoint Private Securities LLC boosted its position in Tempur Sealy International by 192.9% during the 4th quarter. Fieldpoint Private Securities LLC now owns 820 shares of the company’s stock valued at $39,000 after buying an additional 540 shares during the period. Quadrant Capital Group LLC boosted its position in Tempur Sealy International by 213.7% during the 1st quarter. Quadrant Capital Group LLC now owns 938 shares of the company’s stock valued at $26,000 after buying an additional 639 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Tempur Sealy International by 67.5% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the company’s stock valued at $34,000 after buying an additional 500 shares during the period. 93.81% of the stock is currently owned by institutional investors.

Tempur Sealy International Company Profile (Get Rating)

Tempur Sealy International, Inc, together with its subsidiaries, designs, manufactures, markets, and distributes 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, Tempur-Pedic, Sealy, and Stearns & Foster brands.

Further Reading