Tempur Sealy International (NYSE:TPX) Stock Rating Reaffirmed by Wedbush

Tempur Sealy International (NYSE:TPX)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a note issued to investors on Wednesday, Benzinga reports. They currently have a $66.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 41.12% from the stock’s previous close.

A number of other brokerages have also issued reports on TPX. Piper Sandler reissued an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday. Truist Financial reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Tempur Sealy International in a research note on Tuesday. Finally, Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and increased their target price for the stock from $50.00 to $75.00 in a research note on Monday, March 25th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $62.71.

Tempur Sealy International Stock Performance

Shares of Tempur Sealy International stock opened at $46.77 on Wednesday. The firm has a market cap of $8.12 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.53 and a beta of 1.60. The company has a quick ratio of 0.70, a current ratio of 1.21 and a debt-to-equity ratio of 7.74. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The business’s fifty day simple moving average is $49.96 and its 200-day simple moving average is $51.17.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. Tempur Sealy International’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. Equities analysts forecast that Tempur Sealy International will post 2.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Linonia Partnership LP purchased a new stake in shares of Tempur Sealy International during the 4th quarter worth approximately $121,445,000. Norges Bank acquired a new stake in Tempur Sealy International during the 4th quarter worth $121,329,000. Browning West LP lifted its position in Tempur Sealy International by 7.0% in the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares during the last quarter. Forest Avenue Capital Management LP acquired a new position in Tempur Sealy International in the fourth quarter valued at $20,454,000. Finally, Goodnow Investment Group LLC grew its holdings in shares of Tempur Sealy International by 47.9% during the fourth quarter. Goodnow Investment Group LLC now owns 773,677 shares of the company’s stock worth $39,434,000 after purchasing an additional 250,407 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

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.