Tempur Sealy International (NYSE:TPX) Stock Price Expected to Rise, Truist Financial Analyst Says

Tempur Sealy International (NYSE:TPX) had its target price raised by equities research analysts at Truist Financial from $58.00 to $63.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 14.23% from the company’s current price.

A number of other research firms have also weighed in on TPX. Wedbush lifted their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Raymond James cut their target price on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Stock Performance

NYSE:TPX traded up $0.03 during trading hours on Friday, reaching $55.15. The stock had a trading volume of 401,208 shares, compared to its average volume of 966,123. The stock has a market cap of $9.58 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The stock has a 50 day simple moving average of $55.04 and a 200 day simple moving average of $52.10. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a 12-month low of $45.04 and a 12-month high of $58.44.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. On average, research analysts forecast that Tempur Sealy International will post 2.51 EPS for the current fiscal year.

Institutional Trading of Tempur Sealy International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its holdings in Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock worth $26,000 after acquiring an additional 413 shares during the last quarter. Brooklyn Investment Group bought a new stake in Tempur Sealy International during the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in Tempur Sealy International by 365.2% in the fourth quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Tempur Sealy International in the 3rd quarter worth about $48,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Tempur Sealy International by 38.1% during the third quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after purchasing an additional 416 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.