Tempur Sealy International, Inc. (NYSE:TPX) Receives Average Rating of “Buy” from Analysts

Tempur Sealy International, Inc. (NYSE:TPXGet Free Report) has been assigned an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.57.

Several equities research analysts have issued reports on the company. KeyCorp lifted their price target on Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and boosted their target price for the company from $50.00 to $75.00 in a research note on Monday, March 25th. Piper Sandler raised Tempur Sealy International from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $61.00 in a research note on Thursday, January 18th. Wedbush boosted their target price on Tempur Sealy International from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, Raymond James boosted their target price on Tempur Sealy International from $45.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Friday, January 19th.

Get Our Latest Stock Analysis on Tempur Sealy International

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State of Michigan Retirement System grew its holdings in shares of Tempur Sealy International by 0.5% during the 4th quarter. State of Michigan Retirement System now owns 41,338 shares of the company’s stock worth $2,107,000 after acquiring an additional 200 shares during the period. Natixis Advisors L.P. grew its holdings in shares of Tempur Sealy International by 0.8% during the 4th quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock worth $1,577,000 after acquiring an additional 256 shares during the period. Creative Planning grew its holdings in shares of Tempur Sealy International by 3.5% during the 4th quarter. Creative Planning now owns 7,761 shares of the company’s stock worth $396,000 after acquiring an additional 265 shares during the period. First Republic Investment Management Inc. grew its holdings in shares of Tempur Sealy International by 2.0% during the 4th quarter. First Republic Investment Management Inc. now owns 15,450 shares of the company’s stock worth $530,000 after acquiring an additional 302 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Tempur Sealy International by 2.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 13,046 shares of the company’s stock worth $665,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Trading Down 2.8 %

Shares of TPX stock opened at $53.94 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 1.21 and a debt-to-equity ratio of 7.81. The business has a 50-day moving average price of $52.93 and a two-hundred day moving average price of $47.11. Tempur Sealy International has a 12-month low of $34.98 and a 12-month high of $57.13. The firm has a market cap of $9.36 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.31 and a beta of 1.56.

Tempur Sealy International (NYSE:TPXGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Tempur Sealy International had a return on equity of 239.67% and a net margin of 7.47%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $0.54 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Thursday, February 22nd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Wednesday, February 21st. This is an increase from Tempur Sealy International’s previous quarterly dividend of $0.11. Tempur Sealy International’s payout ratio is currently 25.12%.

About Tempur Sealy International

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Tempur Sealy International (NYSE:TPX)

Receive News & Ratings for Tempur Sealy International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tempur Sealy International and related companies with MarketBeat.com's FREE daily email newsletter.