Tempur Sealy International, Inc. (NYSE:TPX) Receives $62.71 Consensus PT from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $62.71.

TPX has been the subject of a number of recent analyst reports. Loop Capital raised Tempur Sealy International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $75.00 in a research report on Monday, March 25th. Truist Financial raised their price objective on Tempur Sealy International from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wedbush reissued an “outperform” rating and issued a $66.00 price objective on shares of Tempur Sealy International in a research report on Wednesday, May 8th.

Institutional Trading of Tempur Sealy International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Tempur Sealy International in the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Tempur Sealy International during the first quarter valued at $27,000. Principal Securities Inc. purchased a new position in Tempur Sealy International in the fourth quarter valued at $40,000. J.Safra Asset Management Corp raised its position in shares of Tempur Sealy International by 80.0% in the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after acquiring an additional 457 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Tempur Sealy International by 4,996.3% during 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. Institutional investors and hedge funds own 99.86% of the company’s stock.

Tempur Sealy International Stock Down 1.1 %

Shares of NYSE TPX opened at $47.67 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The stock has a market capitalization of $8.28 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.53 and a beta of 1.63. The stock’s fifty day simple moving average is $50.60 and its two-hundred day simple moving average is $51.18. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Tuesday, May 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Tempur Sealy International had a return on equity of 168.59% and a net margin of 7.32%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, analysts expect that Tempur Sealy International will post 2.71 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.09%. Tempur Sealy International’s dividend payout ratio is currently 25.74%.

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.