Tempur Sealy International, Inc. (NYSE:TPX) Receives $60.67 Consensus Price Target from Analysts

Tempur Sealy International, Inc. (NYSE:TPX) has earned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $60.67.

Several analysts have recently commented on the stock. Wedbush increased their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Raymond James lowered their price objective 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.

Tempur Sealy International Stock Down 1.4 %

TPX opened at $54.14 on Thursday. Tempur Sealy International has a 52 week low of $38.85 and a 52 week high of $57.13. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The business has a 50 day moving average price of $51.62 and a two-hundred day moving average price of $50.72. The company has a market cap of $9.40 billion, a PE ratio of 24.72, a P/E/G ratio of 2.03 and a beta of 1.60.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.81 by $0.01. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. As a group, research analysts anticipate that Tempur Sealy International will post 2.51 EPS for the current year.

Tempur Sealy International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Tempur Sealy International by 0.9% in the first quarter. Vanguard Group Inc. now owns 16,068,006 shares of the company’s stock valued at $912,984,000 after buying an additional 143,719 shares during the last quarter. FMR LLC raised its position in shares of Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after acquiring an additional 169,848 shares in the last quarter. Darsana Capital Partners LP lifted its stake in Tempur Sealy International by 40.0% during the second quarter. Darsana Capital Partners LP now owns 7,000,000 shares of the company’s stock worth $331,380,000 after purchasing an additional 2,000,000 shares during the last quarter. State Street Corp boosted its holdings in Tempur Sealy International by 0.6% in the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after purchasing an additional 28,991 shares during the period. Finally, Linonia Partnership LP increased its stake in Tempur Sealy International by 9.2% during the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after purchasing an additional 345,745 shares during the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

About Tempur Sealy International

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.