Brokerages Set Tempur Sealy International, Inc. (NYSE:TPX) Target Price at $60.67

Tempur Sealy International, Inc. (NYSE:TPX) has received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $60.67.

A number of equities analysts have recently weighed in on the company. Piper Sandler reiterated an “overweight” rating and set a $61.00 price target on shares of Tempur Sealy International in a report on Wednesday, July 3rd. Truist Financial lowered their target price on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Wednesday, September 4th.

Tempur Sealy International Trading Down 1.9 %

Shares of TPX opened at $48.89 on Friday. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13. The firm has a market capitalization of $8.49 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.16 and a beta of 1.59. The firm has a 50-day moving average price of $51.74 and a 200 day moving average price of $50.69. 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 released 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 for the quarter, compared to analysts’ expectations of $1.28 billion. Tempur Sealy International had a net margin of 7.65% and a return on equity of 135.46%. The firm’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. Sell-side analysts forecast that Tempur Sealy International will post 2.53 EPS for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio is presently 24.76%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Tempur Sealy International in the first quarter valued at $26,000. UMB Bank n.a. increased its holdings in shares of Tempur Sealy International by 750.9% in the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after acquiring an additional 413 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Tempur Sealy International by 35.1% in the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock valued at $46,000 after acquiring an additional 255 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of Tempur Sealy International during the 2nd quarter worth about $56,000. Finally, J.Safra Asset Management Corp lifted its stake in Tempur Sealy International by 80.0% during the first quarter. J.Safra Asset Management Corp now owns 1,028 shares of the company’s stock worth $58,000 after purchasing an additional 457 shares during the last quarter. 99.86% of the stock is owned by hedge funds and other 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.