Tempur Sealy International, Inc. (NYSE:TPX) Receives Average Rating of “Buy” from Analysts

Shares of Tempur Sealy International, Inc. (NYSE:TPX) have been given an average rating of “Buy” by the seven analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $59.71.

Several research firms have issued reports on TPX. Piper Sandler reiterated an “overweight” rating and issued a $61.00 target price on shares of Tempur Sealy International in a research note on Wednesday, July 3rd. Truist Financial reduced their price objective on shares of Tempur Sealy International from $65.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Wedbush downgraded shares of Tempur Sealy International from an “outperform” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Wednesday, September 4th.

Tempur Sealy International Trading Down 0.3 %

NYSE TPX opened at $54.00 on Wednesday. Tempur Sealy International has a one year low of $36.12 and a one year high of $57.13. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.68 and a current ratio of 1.21. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.20 and a beta of 1.59. The company’s 50-day simple moving average is $51.16 and its two-hundred day simple moving average is $51.02.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.28 billion. Tempur Sealy International had a return on equity of 135.46% and a net margin of 7.65%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. Equities analysts forecast that Tempur Sealy International will post 2.53 EPS for the current fiscal year.

Tempur Sealy International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Thursday, August 15th. Tempur Sealy International’s dividend payout ratio (DPR) is presently 25.74%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TPX. Darsana Capital Partners LP lifted its holdings in shares of 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 period. Eminence Capital LP raised its position in Tempur Sealy International by 61.6% during the 2nd quarter. Eminence Capital LP now owns 2,249,222 shares of the company’s stock worth $106,478,000 after buying an additional 857,478 shares during the last quarter. Browning West LP boosted its holdings in shares of Tempur Sealy International by 7.0% in the 4th quarter. Browning West LP now owns 12,611,189 shares of the company’s stock valued at $642,792,000 after acquiring an additional 820,200 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Tempur Sealy International in the second quarter worth $37,278,000. Finally, Linonia Partnership LP raised its holdings in shares of Tempur Sealy International by 17.1% during the second quarter. Linonia Partnership LP now owns 3,749,434 shares of the company’s stock worth $177,498,000 after purchasing an additional 548,004 shares during the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

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.