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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Six 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 target price among brokerages that have updated their coverage on the stock in the last year is $62.71.

Several research analysts have recently weighed in on the stock. Loop Capital upgraded shares of Tempur Sealy International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Truist Financial increased their price objective on shares of Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Piper Sandler upgraded shares of Tempur Sealy International from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $41.00 to $61.00 in a report on Thursday, January 18th. Raymond James increased their price objective on shares of Tempur Sealy International from $45.00 to $58.00 and gave the stock a “strong-buy” rating in a report on Friday, January 19th. Finally, KeyCorp increased their price objective on shares of Tempur Sealy International from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, February 9th.

Institutional Trading of Tempur Sealy International

A number of hedge funds have recently made changes to their positions in TPX. Lone Pine Capital LLC purchased a new stake in shares of Tempur Sealy International during the third quarter valued at approximately $206,809,000. Linonia Partnership LP acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth approximately $121,445,000. Norges Bank acquired a new stake in shares of Tempur Sealy International during the fourth quarter worth approximately $121,329,000. Browning West LP grew its position in shares of Tempur Sealy International by 7.0% during the fourth quarter. Browning West LP now owns 12,611,189 shares of the company’s stock worth $642,792,000 after buying an additional 820,200 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Tempur Sealy International by 90.3% during the third quarter. Invesco Ltd. now owns 1,709,887 shares of the company’s stock worth $74,107,000 after buying an additional 811,459 shares in the last quarter. Hedge funds and other institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 0.1 %

Shares of Tempur Sealy International stock opened at $49.92 on Friday. The firm has a fifty day moving average of $52.95 and a two-hundred day moving average of $48.17. The company has a debt-to-equity ratio of 7.81, a quick ratio of 0.68 and a current ratio of 1.21. The company has a market cap of $8.67 billion, a P/E ratio of 24.12, a PEG ratio of 1.15 and a beta of 1.56. Tempur Sealy International has a one year low of $34.98 and a one year high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, analysts forecast that Tempur Sealy International will post 2.75 earnings per share for the current 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 $0.13 dividend. This is a positive change from Tempur Sealy International’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, February 21st. This represents a $0.52 annualized dividend and a yield of 1.04%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.12%.

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.