Tempur Sealy International, Inc. (NYSE:TPX) Given Consensus Recommendation of “Buy” by Brokerages

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

A number of brokerages recently issued reports on TPX. Wedbush upped their price objective on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Raymond James cut their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a report on Friday, November 1st.

Institutional Trading of Tempur Sealy International

Institutional investors and hedge funds have recently modified their holdings of the company. Coldstream Capital Management Inc. lifted its position in shares of Tempur Sealy International by 3.1% in the third quarter. Coldstream Capital Management Inc. now owns 6,488 shares of the company’s stock worth $354,000 after purchasing an additional 194 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Tempur Sealy International by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock valued at $1,495,000 after buying an additional 220 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in shares of Tempur Sealy International by 23.8% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock valued at $60,000 after purchasing an additional 245 shares during the last quarter. Signaturefd LLC grew its position in Tempur Sealy International by 35.1% during the 2nd quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after acquiring an additional 255 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its holdings in Tempur Sealy International by 1.9% during the 2nd quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after buying an additional 261 shares during the period. 99.86% of the stock is currently owned by institutional investors.

Tempur Sealy International Stock Performance

NYSE TPX opened at $55.01 on Monday. The business’s 50 day moving average price is $52.57 and its 200-day moving average price is $51.04. The company has a market cap of $9.55 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.05 and a beta of 1.64. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.65 and a current ratio of 1.14. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $58.44.

Tempur Sealy International (NYSE:TPX) last announced its earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.01. The firm had revenue of $1.30 billion for 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 revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Sell-side analysts predict that Tempur Sealy International will post 2.51 earnings per share for the current year.

Tempur Sealy International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. Tempur Sealy International’s dividend payout ratio is currently 23.74%.

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.