Tempur Sealy International (NYSE:TPX) Reaches New 1-Year High Following Analyst Upgrade

Shares of Tempur Sealy International, Inc. (NYSE:TPXGet Free Report) reached a new 52-week high on Wednesday after KeyCorp raised their price target on the stock from $62.00 to $66.00. KeyCorp currently has an overweight rating on the stock. Tempur Sealy International traded as high as $61.89 and last traded at $61.26, with a volume of 137512 shares changing hands. The stock had previously closed at $60.62.

A number of other research analysts have also weighed in on the stock. Bank of America raised their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial raised their price target on Tempur Sealy International from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday. Raymond James lowered their price target on Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a research report on Friday, November 1st. Finally, Wedbush raised their price target on Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $64.00.

Read Our Latest Report on TPX

Institutional Trading of Tempur Sealy International

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Tempur Sealy International by 2.0% during the third quarter. FMR LLC now owns 8,678,359 shares of the company’s stock worth $473,838,000 after purchasing an additional 169,848 shares during the last quarter. State Street Corp raised its holdings in shares of Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock valued at $274,389,000 after acquiring an additional 28,991 shares in the last quarter. Linonia Partnership LP raised its holdings in shares of Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after acquiring an additional 345,745 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tempur Sealy International by 2.0% in the third quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock valued at $161,634,000 after acquiring an additional 57,138 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in shares of Tempur Sealy International in the third quarter valued at about $73,981,000. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Price Performance

The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.65. The firm has a fifty day moving average of $56.79 and a two-hundred day moving average of $53.31. The stock has a market capitalization of $10.81 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.94 and a beta of 1.63.

Tempur Sealy International (NYSE:TPXGet Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. On average, analysts predict that Tempur Sealy International, Inc. will post 2.52 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.13 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.52 annualized dividend and a yield of 0.84%. Tempur Sealy International’s dividend payout ratio (DPR) is presently 23.74%.

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.

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