Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Average PT from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has received an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.67.

A number of research analysts have recently weighed in on the company. Raymond James lowered their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st. Wedbush increased their price objective on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Tempur Sealy International Stock Performance

Shares of TPX opened at $54.14 on Thursday. The firm has a 50-day moving average price of $51.62 and a 200 day moving average price of $50.72. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $9.40 billion, a PE ratio of 24.72, a P/E/G ratio of 2.03 and a beta of 1.60. Tempur Sealy International has a 52-week low of $38.85 and a 52-week high of $57.13.

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. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, sell-side analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

Institutional Trading of Tempur Sealy International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of Tempur Sealy International by 2.0% during the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after buying an additional 57,138 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Tempur Sealy International by 323.4% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,402 shares of the company’s stock worth $2,588,000 after purchasing an additional 36,207 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Tempur Sealy International by 43.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 41,942 shares of the company’s stock worth $2,290,000 after acquiring an additional 12,712 shares in the last quarter. iSAM Funds UK Ltd bought a new position in Tempur Sealy International in the third quarter valued at approximately $567,000. Finally, Wellington Management Group LLP bought a new position in Tempur Sealy International during the third quarter worth about $73,981,000. 99.86% of the stock is 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.