Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Price Target at $62.71

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $62.71.

A number of research firms recently commented on TPX. Raymond James lifted their price target on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Wedbush reissued an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a report on Tuesday, April 30th. Loop Capital raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Finally, KeyCorp upped their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State of Michigan Retirement System grew its position in Tempur Sealy International by 0.5% during the fourth quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after buying an additional 200 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after purchasing an additional 256 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in Tempur Sealy International by 2.4% in the fourth quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock valued at $665,000 after purchasing an additional 306 shares in the last quarter. Keystone Financial Group raised its stake in Tempur Sealy International by 3.7% in the third quarter. Keystone Financial Group now owns 8,831 shares of the company’s stock valued at $383,000 after purchasing an additional 314 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Tempur Sealy International by 13.9% during the first quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock valued at $150,000 after purchasing an additional 322 shares during the last quarter. 99.86% of the stock is currently owned by hedge funds and other institutional investors.

Tempur Sealy International Trading Down 0.1 %

TPX opened at $50.38 on Friday. The company has a market cap of $8.75 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.58. The company has a fifty day moving average price of $52.91 and a two-hundred day moving average price of $48.46. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. Tempur Sealy International has a 1-year low of $34.98 and a 1-year high of $57.13.

Tempur Sealy International (NYSE:TPX) last issued its earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. 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 announced a quarterly dividend, which was paid on Thursday, March 7th. Shareholders of record on Thursday, February 22nd were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This is a boost from Tempur Sealy International’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.03%. Tempur Sealy International’s dividend payout ratio is currently 25.12%.

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.