Tempur Sealy International (NYSE:TPX) PT Raised to $48.00


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Tempur Sealy International (NYSE:TPX) had its price target increased by analysts at UBS Group from $40.00 to $48.00 in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 23.62% from the company’s previous close.

Several other brokerages have also commented on TPX. Jefferies Financial Group began coverage on shares of Tempur Sealy International in a research note on Tuesday, March 30th. They issued a “hold” rating and a $38.00 price target on the stock. Loop Capital downgraded Tempur Sealy International from a “buy” rating to a “hold” rating in a report on Wednesday, March 10th. KeyCorp increased their price objective on Tempur Sealy International from $37.00 to $41.00 and gave the company an “overweight” rating in a report on Tuesday, March 23rd. Raymond James increased their price objective on Tempur Sealy International from $32.00 to $42.00 and gave the company a “strong-buy” rating in a report on Friday, February 12th. Finally, Truist increased their price objective on Tempur Sealy International from $31.00 to $45.00 in a report on Friday, February 12th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Tempur Sealy International has a consensus rating of “Buy” and a consensus target price of $35.27.

Shares of Tempur Sealy International stock opened at $38.83 on Monday. The firm has a market capitalization of $7.83 billion, a P/E ratio of 33.19, a P/E/G ratio of 0.61 and a beta of 2.02. Tempur Sealy International has a 52 week low of $9.97 and a 52 week high of $40.08. The company has a quick ratio of 0.85, a current ratio of 1.12 and a debt-to-equity ratio of 3.34. The firm’s 50 day moving average is $36.94 and its two-hundred day moving average is $29.12.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $984.37 million. Tempur Sealy International had a net margin of 7.17% and a return on equity of 106.94%. As a group, research analysts expect that Tempur Sealy International will post 1.75 earnings per share for the current fiscal year.

In related news, EVP David Montgomery sold 50,000 shares of the stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $33.50, for a total transaction of $1,675,000.00. Also, EVP Scott Vollet sold 96,992 shares of the stock in a transaction on Wednesday, March 24th. The stock was sold at an average price of $37.30, for a total value of $3,617,801.60. Over the last ninety days, insiders have sold 196,992 shares of company stock valued at $6,767,802. Corporate insiders own 3.14% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TPX. FMR LLC lifted its holdings in Tempur Sealy International by 15.1% in the first quarter. FMR LLC now owns 917,900 shares of the company’s stock valued at $52,935,000 after acquiring an additional 120,656 shares during the period. First Trust Advisors LP lifted its holdings in Tempur Sealy International by 25.4% in the first quarter. First Trust Advisors LP now owns 10,198 shares of the company’s stock valued at $588,000 after acquiring an additional 2,065 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in Tempur Sealy International by 1,581.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 134,544 shares of the company’s stock valued at $7,760,000 after acquiring an additional 126,541 shares during the period. Guggenheim Capital LLC lifted its holdings in Tempur Sealy International by 22.5% in the third quarter. Guggenheim Capital LLC now owns 7,363 shares of the company’s stock valued at $657,000 after acquiring an additional 1,353 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Tempur Sealy International by 13.0% in the third quarter. ProShare Advisors LLC now owns 3,349 shares of the company’s stock valued at $299,000 after acquiring an additional 386 shares during the period. 23.04% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Company Profile

Tempur Sealy International, Inc, together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, 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, Tempur-Pedic, Sealy, Comfort Revolution, and Stearns & Foster brands.

See Also: Environmental, Social, and Governance (ESG) Investing

The Fly

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

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