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

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned a consensus rating of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $59.71.

A number of research analysts have weighed in on the stock. Truist Financial decreased their price objective on shares of 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. Wedbush cut Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Wednesday, September 4th. Finally, Piper Sandler reissued an “overweight” rating and issued a $61.00 price objective on shares of Tempur Sealy International in a report on Wednesday, July 3rd.

Tempur Sealy International Stock Down 0.3 %

Shares of TPX stock opened at $54.00 on Wednesday. Tempur Sealy International has a twelve month low of $36.12 and a twelve month high of $57.13. The stock has a market cap of $9.38 billion, a P/E ratio of 26.73, a P/E/G ratio of 2.20 and a beta of 1.59. The stock has a 50 day moving average of $51.16 and a 200 day moving average of $51.02. The company has a current ratio of 1.21, a quick ratio of 0.68 and a debt-to-equity ratio of 5.92.

Tempur Sealy International (NYSE:TPX) last posted its earnings results on Tuesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.01). Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the firm earned $0.58 earnings per share. Tempur Sealy International’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.96%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s payout ratio is 25.74%.

Hedge Funds Weigh In On Tempur Sealy International

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Tempur Sealy International in the first quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Tempur Sealy International during the 1st quarter worth $27,000. Signaturefd LLC grew its holdings in shares of Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after buying an additional 255 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Tempur Sealy International in the second quarter valued at about $56,000. Finally, 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 valued at $58,000 after buying an additional 457 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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.