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

Tempur Sealy International, Inc. (NYSE:TPX) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.50.

TPX has been the subject of a number of research reports. Raymond James reduced 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. Truist Financial increased their target price on shares of Tempur Sealy International from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Wedbush boosted their price target on Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Tempur Sealy International Price Performance

NYSE TPX opened at $59.68 on Tuesday. The stock has a 50-day simple moving average of $56.47 and a 200 day simple moving average of $53.17. Tempur Sealy International has a twelve month low of $45.04 and a twelve month high of $61.60. The stock has a market capitalization of $10.36 billion, a PE ratio of 27.25, a P/E/G ratio of 1.94 and a beta of 1.63. 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 (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.81 by $0.01. Tempur Sealy International had a return on equity of 108.66% and a net margin of 7.96%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. Research analysts anticipate that Tempur Sealy International will post 2.52 EPS for the current year.

Tempur Sealy International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid 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 0.87%. Tempur Sealy International’s payout ratio is currently 23.74%.

Hedge Funds Weigh In On Tempur Sealy International

A number of hedge funds have recently modified their holdings of TPX. FMR LLC lifted its holdings in Tempur Sealy International by 2.0% during the 3rd quarter. FMR LLC now owns 8,678,359 shares of the company’s stock valued at $473,838,000 after purchasing an additional 169,848 shares during the last quarter. State Street Corp increased its holdings in shares of Tempur Sealy International by 0.6% during the third quarter. State Street Corp now owns 5,025,440 shares of the company’s stock worth $274,389,000 after buying an additional 28,991 shares in the last quarter. Linonia Partnership LP raised its stake in shares of Tempur Sealy International by 9.2% in the third quarter. Linonia Partnership LP now owns 4,095,179 shares of the company’s stock valued at $223,597,000 after acquiring an additional 345,745 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Tempur Sealy International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,959,570 shares of the company’s stock worth $161,634,000 after acquiring an additional 57,138 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in Tempur Sealy International during the 3rd quarter worth approximately $73,981,000. 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.