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

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been given an average recommendation of “Buy” by the seven analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $59.71.

A number of brokerages have issued reports on TPX. Wedbush decreased their target price on Tempur Sealy International from $55.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial decreased their target price on Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $61.00 target price on shares of Tempur Sealy International in a research report on Wednesday, July 3rd.

Tempur Sealy International Trading Up 1.3 %

Shares of NYSE TPX opened at $52.43 on Friday. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.24 and a beta of 1.60. The business has a 50 day simple moving average of $49.91 and a 200 day simple moving average of $51.17. Tempur Sealy International has a 52 week low of $36.12 and a 52 week high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.01). The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. On average, research analysts predict that Tempur Sealy International will post 2.53 earnings per share for the current fiscal year.

Tempur Sealy International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were given a $0.13 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 0.99%. Tempur Sealy International’s dividend payout ratio is 25.74%.

Institutional Investors Weigh In On Tempur Sealy International

Hedge funds have recently modified their holdings of the business. Toronto Dominion Bank raised its stake in shares of Tempur Sealy International by 0.6% in the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock valued at $1,865,000 after purchasing an additional 210 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Tempur Sealy International by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock valued at $1,495,000 after purchasing an additional 220 shares in the last quarter. J.Safra Asset Management Corp raised its stake in shares of Tempur Sealy International by 23.8% in the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares in the last quarter. Signaturefd LLC raised its stake in shares of Tempur Sealy International by 35.1% in the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after purchasing an additional 255 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Tempur Sealy International by 0.8% in the fourth quarter. Natixis Advisors L.P. now owns 30,952 shares of the company’s stock valued at $1,577,000 after purchasing an additional 256 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

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.