Raymond James Cuts Tempur Sealy International (NYSE:TPX) Price Target to $55.00

Tempur Sealy International (NYSE:TPX) had its target price lowered by Raymond James from $57.00 to $55.00 in a report issued on Friday morning, Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

Several other research firms also recently commented on TPX. Truist Financial decreased their price target on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Wedbush lowered shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $60.17.

Tempur Sealy International Trading Up 1.1 %

Shares of NYSE:TPX opened at $48.37 on Friday. The company has a 50-day simple moving average of $51.26 and a 200 day simple moving average of $50.49. The company has a market capitalization of $8.40 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.60. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. Tempur Sealy International has a 52-week low of $36.12 and a 52-week high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. Sell-side analysts forecast that Tempur Sealy International will post 2.53 earnings per share for the current year.

Hedge Funds Weigh In On Tempur Sealy International

Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. acquired a new position in shares of Tempur Sealy International during the third quarter worth $218,000. Donaldson Capital Management LLC raised its position in Tempur Sealy International by 16.7% during the 3rd quarter. Donaldson Capital Management LLC now owns 52,544 shares of the company’s stock worth $2,869,000 after purchasing an additional 7,515 shares during the last quarter. Farther Finance Advisors LLC raised its position in Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock worth $82,000 after purchasing an additional 416 shares during the last quarter. Custom Index Systems LLC bought a new stake in shares of Tempur Sealy International in the 3rd quarter valued at about $368,000. Finally, State of Alaska Department of Revenue boosted its holdings in Tempur Sealy International by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 20,054 shares of the company’s stock valued at $1,094,000 after acquiring an additional 1,365 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.