KeyCorp Raises Tempur Sealy International (NYSE:TPX) Price Target to $66.00

Tempur Sealy International (NYSE:TPX) had its price objective increased by research analysts at KeyCorp from $62.00 to $66.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 2.45% from the company’s current price.

TPX has been the topic of a number of other research reports. Raymond James cut their target price on shares of Tempur Sealy International from $57.00 to $55.00 and set a “strong-buy” rating on the stock in a research note on Friday, November 1st. Bank of America raised their target price on shares of Tempur Sealy International from $60.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial raised their target price on shares of Tempur Sealy International from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wedbush raised their target price on shares of Tempur Sealy International from $49.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $64.00.

Tempur Sealy International Stock Performance

NYSE:TPX opened at $64.42 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.14 and a debt-to-equity ratio of 3.95. The company has a market cap of $11.19 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.94 and a beta of 1.63. Tempur Sealy International has a fifty-two week low of $45.04 and a fifty-two week high of $64.65. The firm’s 50 day moving average is $56.99 and its two-hundred day moving average is $53.38.

Tempur Sealy International (NYSE:TPX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.01. The company had revenue of $1.30 billion for 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 revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 earnings per share. Analysts expect that Tempur Sealy International will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kieckhefer Group LLC acquired a new position in Tempur Sealy International during the 4th quarter worth $994,000. Qsemble Capital Management LP acquired a new position in Tempur Sealy International during the 3rd quarter worth $867,000. Argent Capital Management LLC grew its holdings in Tempur Sealy International by 9.6% during 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 grew its holdings in Tempur Sealy International by 4.9% during 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 acquired a new position in Tempur Sealy International during the 4th quarter worth $246,000. 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.