Tempur Sealy International, Inc. (NYSE:TPX) Receives $72.75 Average Target Price from Brokerages

Tempur Sealy International, Inc. (NYSE:TPX) has been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $72.75.

Several research firms have issued reports on TPX. Piper Sandler upped their price objective on shares of Tempur Sealy International from $65.00 to $76.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. KeyCorp upped their price objective on shares of Tempur Sealy International from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Truist Financial upped their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Wedbush restated an “outperform” rating and issued a $80.00 price objective (up previously from $67.00) on shares of Tempur Sealy International in a research note on Monday, February 3rd. Finally, StockNews.com began coverage on shares of Tempur Sealy International in a report on Sunday, March 16th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Tempur Sealy International

A number of institutional investors and hedge funds have recently made changes to their positions in TPX. Brooklyn Investment Group purchased a new position in Tempur Sealy International during the third quarter worth about $27,000. Private Trust Co. NA increased its holdings in Tempur Sealy International by 49.2% in the fourth quarter. Private Trust Co. NA now owns 552 shares of the company’s stock valued at $31,000 after buying an additional 182 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Tempur Sealy International by 92.7% during the 4th quarter. Jones Financial Companies Lllp now owns 607 shares of the company’s stock worth $34,000 after purchasing an additional 292 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock worth $35,000 after purchasing an additional 482 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Tempur Sealy International by 72.0% during the 4th quarter. UMB Bank n.a. now owns 805 shares of the company’s stock worth $46,000 after purchasing an additional 337 shares in the last quarter. 99.86% of the stock is owned by hedge funds and other institutional investors.

Tempur Sealy International Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $69.55. The firm has a market capitalization of $11.94 billion, a P/E ratio of 27.73, a PEG ratio of 2.18 and a beta of 1.64. The company has a 50-day moving average of $59.48 and a two-hundred day moving average of $54.63.

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.