Tempur Sealy International (NYSE:TPX) Price Target Raised to $55.00

Tempur Sealy International (NYSE:TPX) had its target price boosted by Wedbush from $49.00 to $55.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the stock. Wedbush also issued estimates for Tempur Sealy International’s Q4 2024 earnings at $0.53 EPS, FY2024 earnings at $2.48 EPS, Q1 2025 earnings at $0.55 EPS, Q2 2025 earnings at $0.69 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.70 EPS and FY2026 earnings at $2.88 EPS.

Separately, Raymond James reduced their price objective on shares of 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. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $60.67.

Tempur Sealy International Trading Up 2.7 %

TPX stock opened at $55.87 on Friday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.14 and a quick ratio of 0.68. The company has a fifty day moving average price of $51.25 and a two-hundred day moving average price of $50.59. Tempur Sealy International has a one year low of $36.98 and a one year high of $57.13. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 25.51, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60.

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

Tempur Sealy International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st will be given a $0.13 dividend. The ex-dividend date is Thursday, November 21st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. Tempur Sealy International’s payout ratio is presently 23.74%.

Institutional Investors Weigh In On Tempur Sealy International

Institutional investors have recently modified their holdings of the business. Toronto Dominion Bank lifted its position in Tempur Sealy International by 0.6% during the first quarter. Toronto Dominion Bank now owns 32,820 shares of the company’s stock worth $1,865,000 after purchasing an additional 210 shares during the period. Nisa Investment Advisors LLC lifted its position in Tempur Sealy International by 0.7% during the second quarter. Nisa Investment Advisors LLC now owns 31,574 shares of the company’s stock worth $1,495,000 after purchasing an additional 220 shares during the period. J.Safra Asset Management Corp lifted its position in Tempur Sealy International by 23.8% during the second quarter. J.Safra Asset Management Corp now owns 1,273 shares of the company’s stock worth $60,000 after purchasing an additional 245 shares during the period. Signaturefd LLC lifted its position in Tempur Sealy International by 35.1% during the second quarter. Signaturefd LLC now owns 981 shares of the company’s stock worth $46,000 after purchasing an additional 255 shares during the period. Finally, Hanlon Investment Management Inc. lifted its position in Tempur Sealy International by 1.9% during the second quarter. Hanlon Investment Management Inc. now owns 14,050 shares of the company’s stock worth $665,000 after purchasing an additional 261 shares during the period. Institutional investors 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.