Truist Financial Boosts Tempur Sealy International (NYSE:TPX) Price Target to $63.00

Tempur Sealy International (NYSE:TPX) had its target price increased by Truist Financial from $58.00 to $63.00 in a research note published on Friday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Wedbush boosted their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James dropped their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Stock Up 0.0 %

Shares of NYSE:TPX opened at $55.13 on Friday. The company’s fifty day moving average is $55.04 and its two-hundred day moving average is $52.10. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $58.44. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.77 earnings per share. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. Tempur Sealy International’s payout ratio is 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Darsana Capital Partners LP increased its position in shares of Tempur Sealy International by 40.0% during the 2nd quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock valued at $331,380,000 after purchasing an additional 2,000,000 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Tempur Sealy International in the third quarter valued at $73,981,000. Eminence Capital LP boosted its stake in Tempur Sealy International by 61.6% during the second quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock valued at $106,478,000 after buying an additional 857,478 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Tempur Sealy International during the second quarter worth about $37,278,000. Finally, Linonia Partnership LP raised its position in Tempur Sealy International by 17.1% in the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after acquiring an additional 548,004 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.