Tempur Sealy International (NYSE:TPX) had its price objective raised by equities research analysts at Wedbush from $85.00 to $100.00 in a research report issued on Friday, The Fly reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target would indicate a potential upside of 23.53% from the stock’s current price.
A number of other analysts also recently issued reports on the company. Stifel Nicolaus lifted their price target on Tempur Sealy International from $72.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. KeyCorp boosted their target price on Tempur Sealy International from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler boosted their target price on Tempur Sealy International from $100.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday. Raymond James boosted their target price on Tempur Sealy International from $65.00 to $90.00 and gave the company a “strong-buy” rating in a report on Thursday, June 18th. Finally, William Blair reissued a “hold” rating on shares of Tempur Sealy International in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Tempur Sealy International has an average rating of “Buy” and an average price target of $96.70.
Shares of NYSE TPX opened at $80.95 on Friday. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 17.26, a price-to-earnings-growth ratio of 1.46 and a beta of 2.11. 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 of $72.27 and a two-hundred day moving average of $67.10. 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 announced its quarterly earnings results on Thursday, July 30th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.67. The company 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%. Tempur Sealy International’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. As a group, equities research analysts expect that Tempur Sealy International will post 3.59 earnings per share for the current year.
In other Tempur Sealy International news, Director Arik W. Ruchim sold 205,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $53.46, for a total transaction of $10,959,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arik W. Ruchim sold 106,893 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $54.98, for a total value of $5,876,977.14. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TPX. Shine Investment Advisory Services Inc. raised its stake in Tempur Sealy International by 55.5% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,420 shares of the company’s stock valued at $62,000 after acquiring an additional 507 shares during the last quarter. Meeder Asset Management Inc. increased its position in Tempur Sealy International by 6,761.9% during 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 during the period. Advisor Group Holdings Inc. acquired a new position in Tempur Sealy International during the 1st quarter worth approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Tempur Sealy International by 37.2% during 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 during the period. Finally, Argent Trust Co increased its position in Tempur Sealy International by 20.7% during 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 during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.
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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