Tempur Sealy International (NYSE:TPX) Given New $66.00 Price Target at KeyCorp

Tempur Sealy International (NYSE:TPX) had its price target boosted by KeyCorp from $62.00 to $66.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on TPX. Raymond James lowered their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. Bank of America upped their price objective on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial boosted their target price on Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $64.00.

Tempur Sealy International Trading Up 2.7 %

Shares of NYSE TPX opened at $62.24 on Wednesday. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $62.87. The firm has a market capitalization of $10.81 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.94 and a beta of 1.63. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The company’s 50 day simple moving average is $56.79 and its 200 day simple moving average is $53.31.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.77 EPS. On average, analysts predict that Tempur Sealy International will post 2.52 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.84%. Tempur Sealy International’s dividend payout ratio (DPR) is 23.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TPX. Sei Investments Co. boosted its position in Tempur Sealy International by 24.5% during the 2nd quarter. Sei Investments Co. now owns 23,947 shares of the company’s stock worth $1,134,000 after acquiring an additional 4,713 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Tempur Sealy International in the second quarter worth $426,000. Algert Global LLC acquired a new position in Tempur Sealy International during the second quarter worth $828,000. Northwestern Mutual Wealth Management Co. grew its position in Tempur Sealy International by 8.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,552 shares of the company’s stock valued at $500,000 after purchasing an additional 821 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in Tempur Sealy International by 28.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 118,549 shares of the company’s stock valued at $5,612,000 after buying an additional 26,392 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

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.