Tempur Sealy International (NYSE:TPX) Reaches New 1-Year High Following Analyst Upgrade

Tempur Sealy International, Inc. (NYSE:TPX)’s stock price reached a new 52-week high during trading on Wednesday after KeyCorp raised their price target on the stock from $62.00 to $66.00. KeyCorp currently has an overweight rating on the stock. Tempur Sealy International traded as high as $61.89 and last traded at $61.26, with a volume of 137512 shares changing hands. The stock had previously closed at $60.62.

A number of other brokerages also recently issued reports on TPX. Raymond James reduced their price objective on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Friday, November 1st. Bank of America upped their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday. Wedbush increased 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. Finally, Truist Financial increased their price objective on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $64.00.

Hedge Funds Weigh In On Tempur Sealy International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kieckhefer Group LLC bought a new position in shares of Tempur Sealy International in the 4th quarter worth approximately $994,000. Qsemble Capital Management LP purchased a new stake in Tempur Sealy International in the 3rd quarter worth approximately $867,000. Argent Capital Management LLC increased its holdings in Tempur Sealy International by 9.6% in the 4th quarter. Argent Capital Management LLC now owns 74,104 shares of the company’s stock worth $4,201,000 after acquiring an additional 6,498 shares in the last quarter. Makena Capital Management LLC increased its holdings in Tempur Sealy International by 4.9% in the 3rd quarter. Makena Capital Management LLC now owns 205,205 shares of the company’s stock worth $11,204,000 after acquiring an additional 9,554 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new stake in Tempur Sealy International in the 4th quarter worth approximately $246,000. Institutional investors own 99.86% of the company’s stock.

Tempur Sealy International Stock Up 2.7 %

The company’s fifty day moving average is $56.79 and its 200-day moving average is $53.31. The company has a market capitalization of $10.81 billion, a PE ratio of 28.42, a price-to-earnings-growth 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 announced its quarterly earnings data on Thursday, November 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $0.77 EPS. The company’s revenue was up 1.8% on a year-over-year basis. As a group, analysts predict that Tempur Sealy International, Inc. will post 2.52 EPS for the current fiscal year.

Tempur Sealy International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 21st. Tempur Sealy International’s dividend payout ratio (DPR) is currently 23.74%.

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.