Truist Financial Reaffirms Buy Rating for Tempur Sealy International (NYSE:TPX)

Tempur Sealy International (NYSE:TPX)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a research note issued on Tuesday, Benzinga reports. They currently have a $65.00 target price on the stock. Truist Financial’s target price would indicate a potential upside of 34.46% from the stock’s previous close.

A number of other research analysts have also weighed in on TPX. Wedbush reaffirmed an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Thursday, June 20th. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the company from $50.00 to $75.00 in a report on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $62.71.

Tempur Sealy International Stock Performance

NYSE TPX traded up $1.13 on Tuesday, hitting $48.34. 1,218,661 shares of the company traded hands, compared to its average volume of 1,648,613. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The business’s 50 day moving average price is $50.14 and its 200-day moving average price is $51.24. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 1.50 and a beta of 1.60. 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 posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts expect that Tempur Sealy International will post 2.71 earnings per share for the current year.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds have recently added to or reduced their stakes in TPX. State of Michigan Retirement System raised its position in shares of Tempur Sealy International by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock valued at $2,107,000 after acquiring an additional 200 shares during the period. Toronto Dominion Bank grew its stake in shares of Tempur Sealy International by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after acquiring an additional 210 shares in the last quarter. Natixis Advisors L.P. grew its stake in shares of Tempur Sealy International by 0.8% during the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after acquiring an additional 256 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Tempur Sealy International by 2.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock worth $665,000 after acquiring an additional 306 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Tempur Sealy International by 13.9% during the 1st quarter. GAMMA Investing LLC now owns 2,635 shares of the company’s stock worth $150,000 after acquiring an additional 322 shares in the last quarter. Institutional investors own 99.86% of the company’s stock.

About Tempur Sealy International

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.