Tempur Sealy International (NYSE:TPX) Reaches New 1-Year High – Still a Buy?

Tempur Sealy International, Inc. (NYSE:TPX) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $68.97 and last traded at $68.87, with a volume of 44734 shares changing hands. The stock had previously closed at $68.44.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Bank of America increased their price target on Tempur Sealy International from $73.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Wedbush reissued an “outperform” rating and issued a $80.00 price objective (up from $67.00) on shares of Tempur Sealy International in a research report on Monday, February 3rd. StockNews.com raised shares of Tempur Sealy International from a “hold” rating to a “buy” rating in a research report on Wednesday. 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 research report on Monday, February 3rd. Finally, William Blair raised shares of Tempur Sealy International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, February 5th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $73.25.

Tempur Sealy International Stock Up 0.7 %

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 firm’s 50-day moving average price is $59.21 and its 200 day moving average price is $54.49. The firm has a market cap of $11.97 billion, a P/E ratio of 31.48, a PEG ratio of 2.07 and a beta of 1.64.

Hedge Funds Weigh In On Tempur Sealy International

Several large investors have recently modified their holdings of the stock. IFP Advisors Inc lifted its position in shares of Tempur Sealy International by 22.7% during the fourth quarter. IFP Advisors Inc now owns 828 shares of the company’s stock worth $47,000 after purchasing an additional 153 shares during the last quarter. Private Trust Co. NA lifted its holdings in Tempur Sealy International by 49.2% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock worth $31,000 after acquiring an additional 182 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Tempur Sealy International by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after acquiring an additional 194 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Tempur Sealy International by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,371 shares of the company’s stock worth $2,005,000 after acquiring an additional 200 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in Tempur Sealy International by 1.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 15,446 shares of the company’s stock worth $876,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

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.