Tempur Sealy International, Inc. (NYSE:TPX) Receives $62.71 Consensus Price Target from Brokerages

Tempur Sealy International, Inc. (NYSE:TPX) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $62.71.

A number of equities analysts recently issued reports on the stock. KeyCorp upped their price target on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $61.00 in a research note on Thursday, January 18th. Wedbush reiterated an “outperform” rating and issued a $66.00 price target on shares of Tempur Sealy International in a research note on Tuesday. Truist Financial upped their price target on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and upped their target price for the company from $50.00 to $75.00 in a research note on Monday, March 25th.

Tempur Sealy International Stock Performance

Shares of TPX stock opened at $50.05 on Friday. Tempur Sealy International has a 12 month low of $34.98 and a 12 month high of $57.13. The stock has a market cap of $8.69 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.15 and a beta of 1.56. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 7.81. The company’s fifty day moving average price is $52.95 and its 200-day moving average price is $48.30.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, February 8th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Tempur Sealy International had a net margin of 7.47% and a return on equity of 239.67%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. On average, equities analysts expect that Tempur Sealy International will post 2.75 EPS for the current fiscal year.

Tempur Sealy International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s dividend payout ratio is presently 25.12%.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Tempur Sealy International during the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new stake in shares of Tempur Sealy International during the 1st quarter valued at about $27,000. Principal Securities Inc. purchased a new stake in Tempur Sealy International in the 4th quarter worth approximately $40,000. Fifth Third Bancorp increased its holdings in Tempur Sealy International by 37.7% in the 3rd quarter. Fifth Third Bancorp now owns 1,537 shares of the company’s stock worth $67,000 after acquiring an additional 421 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Tempur Sealy International by 4,996.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock worth $70,000 after acquiring an additional 1,349 shares in the last quarter. Hedge funds and other institutional investors 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.