Tempur Sealy International (NYSE:TPX) Price Target Raised to $67.00

Tempur Sealy International (NYSE:TPX) had its price objective upped by Bank of America from $60.00 to $67.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

TPX has been the topic of several other research reports. Raymond James cut their price target 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. Truist Financial lifted their target price on Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Wedbush upped 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 assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Trading Down 1.8 %

NYSE TPX opened at $63.22 on Wednesday. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $64.65. The company’s 50-day moving average price is $57.16 and its 200-day moving average price is $53.48. The stock has a market cap of $10.98 billion, a PE ratio of 28.87, a PEG ratio of 1.98 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.

Tempur Sealy International (NYSE:TPX) last issued 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. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.77 earnings per share. Equities research analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current year.

Tempur Sealy International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.82%. Tempur Sealy International’s payout ratio is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC increased its holdings in Tempur Sealy International by 123.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,056 shares of the company’s stock worth $60,000 after buying an additional 584 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Tempur Sealy International during the fourth quarter worth $82,000. CIBC Asset Management Inc lifted its position in Tempur Sealy International by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 5,226 shares of the company’s stock valued at $296,000 after purchasing an additional 262 shares during the period. Rhumbline Advisers boosted its holdings in Tempur Sealy International by 1.0% in the fourth quarter. Rhumbline Advisers now owns 499,133 shares of the company’s stock valued at $28,296,000 after purchasing an additional 5,018 shares during the last quarter. Finally, Summit Trail Advisors LLC acquired a new stake in Tempur Sealy International during the 4th quarter worth about $269,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.