Tempur Sealy International’s (TPX) “Buy” Rating Reaffirmed at Truist Financial

Truist Financial reiterated their buy rating on shares of Tempur Sealy International (NYSE:TPX) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $65.00 target price on the stock.

Other research analysts have also issued reports about the stock. Loop Capital upgraded shares of Tempur Sealy International from a hold rating to a buy rating and increased their price objective for the stock from $50.00 to $75.00 in a report on Monday, March 25th. Wedbush reiterated an outperform rating and set a $66.00 price objective on shares of Tempur Sealy International in a report on Thursday, June 20th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Tempur Sealy International presently has a consensus rating of Buy and an average price target of $62.71.

Tempur Sealy International Price Performance

NYSE:TPX opened at $48.32 on Tuesday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 7.74. The company’s 50-day moving average is $50.10 and its two-hundred day moving average is $51.23. Tempur Sealy International has a 12-month low of $36.12 and a 12-month high of $57.13.

Tempur Sealy International (NYSE:TPX) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. Tempur Sealy International had a net margin of 7.32% and a return on equity of 168.59%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. Research analysts expect that Tempur Sealy International will post 2.71 EPS for the current year.

Tempur Sealy International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Wednesday, May 15th. Tempur Sealy International’s payout ratio is currently 25.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently added to or reduced their stakes in TPX. Allspring Global Investments Holdings LLC acquired a new position in Tempur Sealy International in the first quarter worth $26,000. Rise Advisors LLC bought a new stake in Tempur Sealy International in the first quarter valued at $27,000. Principal Securities Inc. bought a new stake in Tempur Sealy International in the fourth quarter valued at $40,000. J.Safra Asset Management Corp lifted its stake in 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. Finally, International Assets Investment Management LLC lifted its stake in Tempur Sealy International by 4,996.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,376 shares of the company’s stock valued at $70,000 after buying an additional 1,349 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.