Bank of America Boosts Tempur Sealy International (NYSE:TPX) Price Target to $67.00

Tempur Sealy International (NYSE:TPX) had its target price boosted by research analysts at Bank of America from $60.00 to $67.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective would suggest a potential upside of 4.01% from the stock’s previous close.

TPX has been the topic of a number of other reports. Wedbush boosted their price objective 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. Truist Financial upped their price objective on Tempur Sealy International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Raymond James dropped their target price on 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. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $64.00.

Tempur Sealy International Trading Up 3.9 %

Shares of TPX stock opened at $64.42 on Wednesday. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 1.94 and a beta of 1.63. The stock has a 50-day moving average of $56.99 and a 200-day moving average of $53.38. The company has a current ratio of 1.14, a quick ratio of 0.65 and a debt-to-equity ratio of 3.95. Tempur Sealy International has a 1-year low of $45.04 and a 1-year high of $64.65.

Tempur Sealy International (NYSE:TPX) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.82 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.77 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Tempur Sealy International will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its position in Tempur Sealy International by 750.9% during the 3rd quarter. UMB Bank n.a. now owns 468 shares of the company’s stock valued at $26,000 after buying an additional 413 shares in the last quarter. Brooklyn Investment Group bought a new position in Tempur Sealy International during the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc boosted its stake in Tempur Sealy International by 365.2% during the 4th quarter. Versant Capital Management Inc now owns 614 shares of the company’s stock valued at $35,000 after purchasing an additional 482 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Tempur Sealy International during the 3rd quarter valued at $48,000. Finally, Farther Finance Advisors LLC boosted its stake in Tempur Sealy International by 38.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,509 shares of the company’s stock valued at $82,000 after purchasing an additional 416 shares during the last quarter. Institutional investors own 99.86% of the company’s stock.

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.