Tempur Sealy International (NYSE:TPX) Price Target Raised to $74.00 at KeyCorp

Tempur Sealy International (NYSE:TPX) had its target price boosted by KeyCorp from $70.00 to $74.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts also recently commented on the stock. UBS Group upped their price objective on shares of Tempur Sealy International from $67.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Wedbush reaffirmed an “outperform” rating and issued a $80.00 price target (up from $67.00) on shares of Tempur Sealy International in a report on Monday, February 3rd. Piper Sandler lifted their price objective on Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. William Blair upgraded Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Bank of America lifted their price target on Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Tempur Sealy International currently has an average rating of “Buy” and an average target price of $71.75.

Tempur Sealy International Stock Performance

Shares of TPX opened at $64.44 on Friday. The stock has a 50-day moving average of $58.08 and a two-hundred day moving average of $53.93. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. The stock has a market cap of $11.19 billion, a P/E ratio of 29.43, a P/E/G ratio of 2.07 and a beta of 1.64. Tempur Sealy International has a one year low of $45.04 and a one year high of $68.53.

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

Institutional Trading of Tempur Sealy International

Several institutional investors have recently bought and sold shares of TPX. Kieckhefer Group LLC acquired a new stake in Tempur Sealy International in the 4th quarter valued at $994,000. Qsemble Capital Management LP purchased a new position in Tempur Sealy International during the third quarter valued at $867,000. Argent Capital Management LLC grew its position in shares of Tempur Sealy International by 9.6% in the fourth quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock valued at $4,201,000 after purchasing an additional 6,498 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Tempur Sealy International during the fourth quarter worth about $246,000. Finally, Makena Capital Management LLC raised its position in shares of Tempur Sealy International by 4.9% during the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after purchasing an additional 9,554 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.