Truist Financial Boosts Tempur Sealy International (NYSE:TPX) Price Target to $63.00

Tempur Sealy International (NYSE:TPX) had its target price increased by stock analysts at Truist Financial from $58.00 to $63.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 14.28% from the stock’s previous close.

TPX has been the subject of several other research reports. Wedbush raised their price objective 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 reduced their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $61.50.

Tempur Sealy International Trading Up 0.0 %

Shares of NYSE:TPX opened at $55.13 on Friday. The firm has a market cap of $9.57 billion, a P/E ratio of 25.17, a P/E/G ratio of 2.12 and a beta of 1.63. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. The company has a 50 day moving average of $55.19 and a 200-day moving average of $52.18. Tempur Sealy International has a twelve month low of $45.04 and a twelve month 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 7.96% and a return on equity of 108.66%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.77 EPS. As a group, analysts anticipate that Tempur Sealy International will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Qsemble Capital Management LP acquired a new stake in shares of Tempur Sealy International in the third quarter valued at approximately $867,000. Makena Capital Management LLC raised its position in shares of Tempur Sealy International by 4.9% in the third quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock valued at $11,204,000 after purchasing an additional 9,554 shares during the period. Forest Avenue Capital Management LP raised its position in shares of Tempur Sealy International by 52.2% in the second quarter. Forest Avenue Capital Management LP now owns 857,722 shares of the company’s stock valued at $40,605,000 after purchasing an additional 294,222 shares during the period. Cerity Partners LLC raised its position in shares of Tempur Sealy International by 27.4% in the third quarter. Cerity Partners LLC now owns 69,578 shares of the company’s stock valued at $3,799,000 after purchasing an additional 14,964 shares during the period. Finally, Repertoire Partners LP raised its position in shares of Tempur Sealy International by 33.2% in the third quarter. Repertoire Partners LP now owns 39,959 shares of the company’s stock valued at $2,182,000 after purchasing an additional 9,959 shares during the period. Institutional investors 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.