Tempur Sealy International (NYSE:TPX) Reaches New 12-Month High After Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX) shares hit a new 52-week high during mid-day trading on Wednesday after Truist Financial raised their price target on the stock from $63.00 to $69.00. Truist Financial currently has a buy rating on the stock. Tempur Sealy International traded as high as $61.89 and last traded at $61.26, with a volume of 137512 shares traded. The stock had previously closed at $60.62.

A number of other brokerages also recently commented on TPX. Raymond James lowered their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Bank of America boosted their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wedbush raised their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $63.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. increased its stake in shares of Tempur Sealy International by 750.9% in the third quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International in the 3rd quarter valued at $27,000. Versant Capital Management Inc increased its stake in shares of Tempur Sealy International by 365.2% in the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after buying an additional 482 shares during the period. Truvestments Capital LLC bought a new stake in shares of Tempur Sealy International during the third quarter worth $48,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after acquiring an additional 416 shares during the period. 99.86% of the stock is owned by institutional investors and hedge funds.

Tempur Sealy International Price Performance

The stock has a market capitalization of $10.64 billion, a P/E ratio of 28.09, a PEG ratio of 1.94 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a fifty day simple moving average of $56.61 and a two-hundred day simple moving average of $53.24.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. Tempur Sealy International’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Tempur Sealy International, Inc. will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s payout ratio is currently 23.74%.

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.