Piper Sandler Raises Tempur Sealy International (NYSE:TPX) Price Target to $125.00

Tempur Sealy International (NYSE:TPX) had its target price hoisted by Piper Sandler from $100.00 to $125.00 in a research report released on Thursday, The Fly reports. They currently have an overweight rating on the stock.

Several other research firms also recently weighed in on TPX. SunTrust Banks lifted their price objective on Tempur Sealy International from $70.00 to $75.00 and gave the company a hold rating in a report on Thursday, June 18th. Zacks Investment Research upgraded shares of Tempur Sealy International from a hold rating to a buy rating and set a $75.00 target price for the company in a report on Wednesday, June 17th. Stifel Nicolaus boosted their target price on shares of Tempur Sealy International from $72.00 to $78.00 and gave the stock a buy rating in a report on Thursday, May 28th. ValuEngine upgraded shares of Tempur Sealy International from a sell rating to a hold rating in a report on Monday, April 27th. Finally, Loop Capital boosted their target price on shares of Tempur Sealy International from $75.00 to $85.00 and gave the stock a buy rating in a report on Thursday, June 18th. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $96.70.

TPX stock opened at $80.95 on Thursday. The company has a debt-to-equity ratio of 6.95, a current ratio of 0.94 and a quick ratio of 1.03. The business has a 50-day moving average price of $72.27 and a 200 day moving average price of $67.10. The company has a market capitalization of $4.17 billion, a P/E ratio of 17.26, a PEG ratio of 1.46 and a beta of 2.11. Tempur Sealy International has a 1-year low of $22.00 and a 1-year high of $100.39.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.67. The firm had revenue of $665.20 million during the quarter, compared to the consensus estimate of $615.27 million. Tempur Sealy International had a return on equity of 88.49% and a net margin of 6.36%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, analysts anticipate that Tempur Sealy International will post 3.59 earnings per share for the current fiscal year.

In related news, Director Arik W. Ruchim sold 106,893 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $54.98, for a total value of $5,876,977.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Arik W. Ruchim sold 205,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $53.46, for a total value of $10,959,300.00. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Shine Investment Advisory Services Inc. boosted its position in Tempur Sealy International by 55.5% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,420 shares of the company’s stock worth $62,000 after purchasing an additional 507 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Tempur Sealy International by 6,761.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,441 shares of the company’s stock worth $62,000 after purchasing an additional 1,420 shares in the last quarter. Advisor Group Holdings Inc. purchased a new stake in Tempur Sealy International in the 1st quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tempur Sealy International by 37.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,305 shares of the company’s stock worth $188,000 after purchasing an additional 1,168 shares in the last quarter. Finally, Argent Trust Co boosted its position in Tempur Sealy International by 20.7% in the 1st quarter. Argent Trust Co now owns 4,712 shares of the company’s stock worth $206,000 after purchasing an additional 807 shares in the last quarter. Institutional investors and hedge funds own 95.55% of the company’s stock.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S.

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Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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