Tempur Sealy International, Inc. (NYSE:TPX) Receives Average Rating of “Buy” from Brokerages

Shares of Tempur Sealy International, Inc. (NYSE:TPXGet Free Report) have been given an average rating of “Buy” by the six analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $55.50.

Several equities research analysts recently issued reports on the company. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Raymond James raised their target price on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 19th. KeyCorp raised their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial dropped their price target on Tempur Sealy International from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Finally, Wedbush reiterated an “outperform” rating and set a $50.00 price target on shares of Tempur Sealy International in a research report on Wednesday, December 13th.

Check Out Our Latest Stock Report on TPX

Tempur Sealy International Trading Up 2.7 %

Tempur Sealy International stock opened at $51.99 on Tuesday. Tempur Sealy International has a 52 week low of $34.98 and a 52 week high of $53.60. The stock has a 50-day simple moving average of $49.90 and a 200 day simple moving average of $44.91. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The stock has a market capitalization of $8.96 billion, a P/E ratio of 25.12, a PEG ratio of 1.72 and a beta of 1.56.

Tempur Sealy International (NYSE:TPXGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business earned $0.54 EPS. The company’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that Tempur Sealy International will post 2.79 earnings per share for the current year.

Tempur Sealy International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 22nd will be paid a $0.13 dividend. The ex-dividend date is Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.00%. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio is 21.26%.

Hedge Funds Weigh In On Tempur Sealy International

Several institutional investors have recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Tempur Sealy International by 70.7% during the 1st quarter. American Century Companies Inc. now owns 79,640 shares of the company’s stock worth $2,224,000 after purchasing an additional 32,989 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Tempur Sealy International by 7.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,564 shares of the company’s stock worth $574,000 after acquiring an additional 1,476 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Tempur Sealy International by 17.1% during the 1st quarter. Bank of Montreal Can now owns 29,980 shares of the company’s stock worth $871,000 after buying an additional 4,379 shares during the last quarter. Rhumbline Advisers grew its position in shares of Tempur Sealy International by 2.8% during the first quarter. Rhumbline Advisers now owns 508,624 shares of the company’s stock worth $14,201,000 after acquiring an additional 13,942 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tempur Sealy International by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,553 shares of the company’s stock valued at $1,970,000 after acquiring an additional 6,727 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Company Profile

(Get Free Report

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-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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