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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received an average recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $62.71.

A number of brokerages have weighed in on TPX. Piper Sandler upgraded Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $61.00 in a research report on Thursday, January 18th. Wedbush restated an “outperform” rating and set a $66.00 target price on shares of Tempur Sealy International in a report on Wednesday, April 10th. KeyCorp increased their target price on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Loop Capital upgraded Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Finally, Raymond James increased their target price on Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th.

Tempur Sealy International Stock Performance

Shares of NYSE:TPX opened at $49.92 on Friday. The business’s fifty day moving average price is $52.95 and its two-hundred day moving average price is $48.17. Tempur Sealy International has a fifty-two week low of $34.98 and a fifty-two week high of $57.13. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.56. The company has a debt-to-equity ratio of 7.81, a current ratio of 1.21 and a quick ratio of 0.68.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $0.54 earnings per share. The business’s revenue was down 1.4% on a year-over-year basis. As a group, 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. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio is 25.12%.

Hedge Funds Weigh In On Tempur Sealy International

Several hedge funds have recently added to or reduced their stakes in TPX. SG Americas Securities LLC lifted its stake in Tempur Sealy International by 8.0% in the third quarter. SG Americas Securities LLC now owns 34,415 shares of the company’s stock valued at $1,492,000 after buying an additional 2,554 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Tempur Sealy International by 3.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 11,303 shares of the company’s stock worth $490,000 after purchasing an additional 401 shares during the period. Raymond James & Associates raised its position in shares of Tempur Sealy International by 4.6% during the third quarter. Raymond James & Associates now owns 458,808 shares of the company’s stock worth $19,885,000 after purchasing an additional 20,147 shares during the period. Simon Quick Advisors LLC raised its position in shares of Tempur Sealy International by 74.0% during the third quarter. Simon Quick Advisors LLC now owns 11,293 shares of the company’s stock worth $489,000 after purchasing an additional 4,804 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Tempur Sealy International by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 1,910,864 shares of the company’s stock worth $82,817,000 after purchasing an additional 57,286 shares during the period. Institutional investors and hedge funds 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.