Truist Financial Forecasts Strong Price Appreciation for Tempur Sealy International (NYSE:TPX) Stock

Tempur Sealy International (NYSE:TPX) had its target price increased by research analysts at Truist Financial from $63.00 to $69.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective points to a potential upside of 7.11% from the stock’s current price.

A number of other brokerages also recently issued reports on TPX. Wedbush raised their price target on shares of Tempur Sealy International from $49.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America raised their price target on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Raymond James cut their price target on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $64.00.

Tempur Sealy International Stock Up 3.9 %

TPX stock opened at $64.42 on Wednesday. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.94 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. Tempur Sealy International has a 12 month low of $45.04 and a 12 month high of $64.65. The firm has a 50-day moving average of $56.99 and a two-hundred day moving average of $53.38.

Tempur Sealy International (NYSE:TPX) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Tempur Sealy International had a net margin of 7.96% and a return on equity of 108.66%. Tempur Sealy International’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. As a group, analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new position in Tempur Sealy International in the 3rd quarter valued at approximately $73,981,000. Linonia Partnership LP boosted its position in Tempur Sealy International by 9.2% in the 3rd quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after buying an additional 345,745 shares during the period. FMR LLC boosted its position in Tempur Sealy International by 2.0% in the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after buying an additional 169,848 shares during the period. Maverick Capital Ltd. boosted its position in Tempur Sealy International by 14.2% in the 3rd quarter. Maverick Capital Ltd. now owns 1,117,508 shares of the company’s stock valued at $61,016,000 after buying an additional 138,800 shares during the period. Finally, Tectonic Advisors LLC purchased a new position in Tempur Sealy International in the 4th quarter valued at approximately $5,229,000. Hedge funds and other 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.